Weak crush margins likely to keep China's soybean demand low until May: sources

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Apr 5, 2023China's soybean demand likely to remain soft until May amid poor crush margins-0.9%
• Aug 8, 2022China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand | Checkout+3.4%
• Feb 19, 2026ANALYSIS: Tariff gap likely to keep China's soybean imports anchored to Brazil | S&P Global+1.3%
• Jul 13, 2021Global Soybean Trade Slows on Weaker China Demand | Feed & Grain-0.3%
• Aug 20, 2018China’s soybean crush margin weakens - McKeany-Flavell-4.5%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Apr 5, 2023China's soybean demand likely to remain soft until May amid poor crush margins+0.2%
• Aug 8, 2022China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand | Checkout+3.3%
• Jul 13, 2021Global Soybean Trade Slows on Weaker China Demand | Feed & Grain+1.2%
• Aug 20, 2018China’s soybean crush margin weakens - McKeany-Flavell-5.3%
• Jan 14, 2022China 2021 soybean imports slip 3.8% on falling margins, weak demand-4.6%