# China's soy crushing rates hit year-to-date low in August as negative margins force run cuts

> China's soybean crush rate fell to a year-to-date low of 53.5% at the start of August as negative crush margins forced plants to cut runs. Crushers reduced soybean purchases, and soybean prices fell. Soybean oil demand in China had slumped 50% year on year in June.

- Date: 2022-08-05 · published 2022-08-05T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/40066-china-s-soy-crushing-rates-hit-year-to-date-low-in-august-as-negative-margins
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Chinese crush cuts soybean and meal demand, which is bearish for soybeans and soybean meal prices. Weak soybean oil demand also weighs on the oil side of the crush.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/080522-chinas-soy-crushing-rates-hit-year-to-date-low-in-august-as-negative-margins-force-run-cuts

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