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China's soybean demand slowed in early March as crusher margins turned negative after the Lunar New Year. Crushers hold large soymeal inventories, and analysts expect subdued demand in the coming weeks.
Weak crush margins reduce soybean import demand and soymeal output appetite, which is bearish for soybeans and soybean meal prices in the near term.
spglobal.comAsim Anand, analysis by Ivy LiMar 3, 2021Not 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.
