# Soybean Crushing Turn to Profit Due to Ite Products Prices Increased Sharply - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant

> 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.

- Date: 2020-05-09 · published 2020-05-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/53218-soybean-crushing-turn-to-profit-due-to-ite-products-prices-increased-sharply
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher Chinese crush margins encourage more soybean processing, which supports meal and oil output and underpins soybean demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- en.cnagri.com: http://en.cnagri.com/report/seedoilsss/20200509/253241.html

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