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China daily imported soybean crush margin tracking 20260206

Source: Mysteel Feb 06, 2026 11:52
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Plant Oil Soybean Meal Demand Price Supply
China's near-month soybean crush margins narrowed today, pressured by higher CBOT soybean prices and softer domestic oil prices. However, as illustrated in the chart below, the theoretical crush margineven after deducting port fees and processing costs of RMB 150 per tonneremains in positive territory. The spot margin better and most crush plants already locked parts of profit through sold forward-month combined contracts.

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