# China’s soyoil hit near 10-year high, crush margins swing back to profit 23.10.2021 - UkrAgroConsult

> China's soybean oil futures reached 10,278 yuan per tonne, the highest since October 2012, before easing. Crush margins in Shandong recovered to their strongest since March on soyoil strength, despite weak soymeal demand from hog producers.

- Date: 2021-10-23 · published 2021-10-23T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/44517-china-s-soyoil-hit-near-10-year-high-crush-margins-swing-back-to-profit-23-10
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong soyoil prices encourage crushing, adding soymeal supply even as meal demand is soft, which pressures meal prices while supporting soybean oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-soyoil-hit-near-10-year-high-crush-margins-swing-back-to-profit/

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