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China daily imported soybean crush margin tracking 20260212

Source: Mysteel Feb 12, 2026 16:54
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Soybean Soybean Meal Demand Price Supply
Current board crush margins exhibit a pattern of "strength in near months, weakness in far months, narrowing month by month." Near-term shipments still maintain a safety margin, while profits for far-delivery months are approaching the breakeven line. Going forward, close attention should be paid to changes in Brazil's export premium quotations, soybean oil price trends, and the pace of domestic soybean meal demand recovery.

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