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Chinese imported soybean crushing returned to a profit in April after a loss the prior month, with the average soybean oil price at 5,687 RMB/MT, up 122 RMB, and soybean meal at 3,178 RMB/MT, up 157 RMB. Imported soybean costs were around 3,300 RMB/MT.
Higher Chinese crush margins encourage more soybean processing, which supports meal and oil output and underpins soybean demand.
en.cnagri.comMay 9, 2020Not enough comparable past events yet for a historical read.
Not 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.
