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China's soybean crushing losses narrowed in June as soybean oil prices rose sharply. Imported soybean costs were about 3,150 RMB/MT.
Soybean meal prices fell by 61 RMB/MT, while soybean oil averaged 5,828 RMB/MT.
Stronger soyoil prices improve crushing economics and support soyoil values, while weaker meal prices add pressure on soybean meal and reduce the value of the oilseed crush.
en.cnagri.comJul 9, 2020Not 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.
