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Mysteel China daily imported soybean crush margin tracking 20260423

Source: Mysteel Apr 23, 2026 17:14

Soybean Soybean Meal Demand Price Supply

Brazilian soybeans offer positive and often substantial crush margins in China across all delivery periods, while US soybeans are currently unprofitable to crush for the 2026 season. Forward margins for Brazil (2027) are particularly attractive. Traders would likely favor Brazilian purchases for hedging or physical import, unless US prices fall significantly or DCE meal/oil prices rise.

Price Curve

Daily Prices

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