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China's National Grain and Oil Information Center reported that domestic soybean meal prices fell more than 2% in the week to September 26. Imported soybean costs eased slightly, but crushing margins for Brazilian beans shipping in November and December were negative, at -185 to -153 RMB/ton.
Spot crushing profit in southern China was also negative, at -179 to -110 RMB/ton.
Negative crush margins give processors little reason to crush, which weighs on meal demand and pressures meal prices lower. Weaker crushing can also slow soybean purchases.
sunsirs.comSep 30, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
