Soybean Crushing Margin Decreased Due to Its Products Price Went down

By CnAgri2017-03-21 09:32:46 Print

In the week of March 6-10, the selling price of imported soybean at port averaged at 3,665 RMB/MT, slightly down 10 RMB/MT from last week. Both prices of soybean oil and meal went down, the imported soybean crush margin almost recorded at 97 RMB/MT, down 27 RMB/MT from last week.

Soybean supplies continued to increase recently while the terminal feed demands dropped slightly. As the soybean meal oversupply pressure started to appear plus international soybean prices dropped significantly, the soybean meal price was foreseen to continue to drop.