# Negative crush margin slows China's soybean demand: sources | S&P Global

> 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.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48104-negative-crush-margin-slows-china-s-soybean-demand-sources-s-and-p-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak crush margins reduce soybean import demand and soymeal output appetite, which is bearish for soybeans and soybean meal prices in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/030321-negative-crush-margin-slows-chinas-soybean-demand-sources

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