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Chinese crushers expect slower third-quarter soybean demand as soymeal prices fall and crush margins turn negative, with the gross crush margin at minus $12.43/mt on May 29. Stricter customs inspections delayed soybean collection in April, and soybean inventories are building.
Negative crush margins and reduced crushing reduce demand for imported soybeans and soymeal, pressuring soybean and meal prices and supporting a weaker Chinese import outlook.
ukragroconsult.comJun 1, 2023Not 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.
