# China’s Q3 soybean demand to slow on falling meal prices, thin crush margins

> 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.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/35465-china-s-q3-soybean-demand-to-slow-on-falling-meal-prices-thin-crush-margins
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-q3-soybean-demand-to-slow-on-falling-meal-prices-thin-crush-margins-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.