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China daily imported soybean crush margin tracking 20260226

Source: Mysteel Feb 26, 2026 16:29
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Plant Oil Soybean Demand Price Supply
Inverse Relationship: Soybean meal price shows a strong upward trend for higher soybean price and spreading domestice tighter clearance rumour. Although domestic DCE prices (Soymeal at Yuan 2933/tonne, Soyoil at Yuan 8126/tonne) remain relatively stable, the rising cost of imports is eating into profitability.The margin compression for (forward-month) contracts suggests that crushers may become less aggressive in purchasing August shipments unless they can hedge better or expect downstream prices to rise.

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