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China's soybean crush margins reached a two-month high in early September after being negative since June, according to Shanghai JC Intelligence. US soybean sales to China for 2024-25 are down 47% year on year, with Brazil supplying much of China's needs.
Improved crush margins support Chinese buying of soybeans and meal output, but weak US sales to China and cheap Brazilian supply limit upside for US beans and meal prices.
invezz.comDiya PoddarSep 5, 2024Not enough comparable past events yet for a historical read.
Not 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.
