Caixin
Sep 05, 2024 03:00 PM
ECONOMY

Improved Crush Margins in China Seen Spurring Soybean Demand

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Better crush margins could translate into more Chinese imports of the oilseed as the U.S. is getting ready to harvest its biggest soy crop ever. Photo: Bloomberg
Better crush margins could translate into more Chinese imports of the oilseed as the U.S. is getting ready to harvest its biggest soy crop ever. Photo: Bloomberg

(Bloomberg) — An improvement in Chinese soybean crushing margins is signaling increased demand for the oilseed just as farmers in the U.S. prepare to reap a record crop.

Chinese crush margin — a gauge of profitability for processing soybeans into meal for animal feed and oil for consumption — has been negative since June, but has recovered to levels not seen in over two months, according to data from Shanghai JC Intelligence Co. Ltd.

 

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