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Mysteel China imported soybean crush margin tracking 20260309

Source: Mysteel Mar 09, 2026 12:01
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Plant Oil Soybean Meal Demand Price Supply
Mysteel daily imported soybean crush margin tracking 20260309Nearby Shipments (May-June 2026): Command higher CNF prices ($484-$490/tonne) but result in solid margins (185-227/tonne) supported by current DCE futures prices (SBM 3036, SBO 8444). Higher CBOT soybean futures have pushed up import costs. However, the sharp rally in DCE soybean meal and oilboth hitting limit up in today's day sessionhas more than offset the increased costs. As a result, we expect to see a significant uptick in near-term crush margins.

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