Soybean crush margins in China have turned negative for the first time since early August, pressured by lower demand for the soymeal they churn out following an outbreak of African swine fever and ...
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Poor soy crushing margins in China that have led the country to default on soy purchases are short term and should improve in two to three months, Bunge Ltd's …
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China washed out at least five Brazilian soybean cargoes from the beginning of last week up to Monday, February 14, Fastmarkets Agricensus has confirmed.. Several sources, both in Brazil and China, told Fastmarkets Agricensus that Chinese crushers were heard breaching soybean contracts due to the combination of surging …
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Likely impact on China's crushing sector ... average capacity utilization rates run at around 55%, reflecting the ongoing downward pressure on crushing margins, said the analysts. In a low-soymeal inclusion scenario, with fewer soybeans being imported, there would be lower crushing capacity utilization, with that outcome likely resulting in ...
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B y Hallie Gu and Gavin Maguire. BEIJING/SINGAPORE, April 21 (Reuters) - Chinese soybean crushers have slowed bean purchases for deliveries through August as poor margins curbed appetite, traders ...
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Poor soy crushing margins in China that have led the country to default on soy purchases are short term and should improve in two to three months, Bunge Ltd's chief executive officer said. CEO Soren Schroder was in Brazil for the inauguration on Friday of Bunge's terminal in Barcarena in Para state on Brazil's northern coast, which …
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Improved Crush Margins in China Seen Spurring Soybean Demand ... But a recent drop in futures — to a four-year low in August due to an expected record crop in the US — is helping margins to improve in China. ... with now 65% of the crop in the good-to-excellent (GEX) category (vs. last year's 53%) and 12% in the poor-to-very poor (PVP ...
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This comes after a year of weak demand due to poor crush margins and weak domestic consumption. China-based analysts and traders also said that the increase in inflows would be driven significantly by demand to restock government-owned reserves. Industry sources estimated that there will be a need to replenish stocks by as much as 7 …
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China's soybean oil prices hit a near 10-year peak this week on tight supply and robust demand, lifting key soybean crushing margins to six-month highs despite sustained weak demand for soymeal ...
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An anticipated 25% increase in domestic soybean crush over the next three years – compared to 2-3% historically – amplifies the angst. ... While China imports the most soy on volume, the EU is America's largest soybean meal importer followed by Indonesia, Vietnam, Philippines and Thailand. ... Crush margins are staying strong in …
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Global grains merchant Archer-Daniels-Midland Co shares dropped 2% on Tuesday after the company missed Wall Street expectations for second-quarter profit, which were hit by lower soy crush margins ...
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Argentine woes a boost for US, EU soy crush . In Europe itself, "soy margins have firmed in recent weeks", to some $30-40 a tonne, "a little bit on the Argentine not being that aggressive into Europe", although rapeseed crush profitability remains "under pressure" after another poor harvest in the region last year.
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Register Now Over January-May, crushers were able to achieve positive replacement margins of Yuan 100-500/mt by selling spot cargoes of soybean meal and …
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An oversupply of soybeans earlier in the year has led to high inventories, which were weighing heavily on crush margins. China imported 16.17 million mt of …
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The U.S. currently has around 60 crushing plants with a total practical capacity of about 2.2 billion bushels per year, which is about the crush level for the 2021/22 marketing year. Nameplate capacity of a …
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The Platts soybean crush margin at $0.37/mt is based on January 2024 contract prices of soybean oil and meal, but the market also demands on the economics of the replacement margin which calculates using spot byproduct prices rather than futures prices to guide decisions on crushing.
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Soyoil inventories in China look set to build up further from already-high levels, denting prices even more, as the world's largest soybean crushing sector cranks back up following coronavirus-led ...
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Decreasing crush volumes in China. China soybean gross crush margins for October have rebounded from negative to positive territory, with Platts, part of S&P …
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China processes over 80% of imported beans into animal feed. China's soybean crush margins are also set to improve, especially from the second quarter of 2023, amid higher demand for soybean meal-based animal feed. However, some uncertainty remains over the volume of China's soybean imports in 2023.
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US soybean exports to China fall. Despite the improved margins, Chinese import demand from the United States has been relatively weak. In the 2024-25 season, the US sold …
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China Crush Margin (CNY/mt) For stakeholders engaged in China's dynamic market, our crush margin assessment provides critical insights. Calculated with precision, it …
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Offering Brazil's rattled soybean exporting industry a ray of hope, the CEO of agribusiness giant Bunge Ltd said poor soy crushing margins in China that have caused it to default on soy purchases ...
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The company's Ag Services and Oilseeds arm suffered a 56% year-on-year plunge in quarterly operating profit due to a slew of challenges, from South American farmers slow to sell their crops amid ...
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Crush Margin = ($630 + $3,300) – $10,000. Crush Margin = $3,930 – $10,000. Crush Margin = -$6,070. In this example, the Crush Margin is -$6,070, indicating a potential loss of $6,070 in processing soybeans at the current market prices. FAQs? Q1: Why is the Soybean Crush Margin important?
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A Rabobank study "Soy Oil Fueling Crush Expansion: A Ten-Year Outlook" forecast a nearly 12-million-acre increase is needed in the short term to cover expanded crush demand for renewable diesel ...
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The China gross crush margin has been positive since mid-January but may flip back to negative if soybean meal prices fall further. Platts assessed China's gross crush margin at $1.78/mt Feb. 1 for March shipment, S&P Global Commodity Insights data showed. The replacement crush margin was Yuan 325/mt, market sources said.
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Luciano added that weak soy crush margins in China and logistical issues in Brazil and Argentina -- the top suppliers of soy oil and meal -- are supporting the company's North American crushing operations and allowing US soy products to become more competitive in the global market. ... This increase will mainly fill the gap created by …
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China's soybean imports fell in July from the same period the previous year, customs data showed on Saturday, as poor crushing margins weighed on demand.
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BEIJING, Aug 7 (Reuters) - China's soybean imports fell in July from the same period the previous year, customs data showed on Saturday, as poor crushing margins weighed on demand. The world's top ...
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Interesting to note that the surge in the crush margins to all-time highs coincided with soybean oil accounting for the greatest share of the combined soybean crush value at over 50%. (c ...
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The United States arguably began overproducing soybeans in 2017, a year before the start of the U.S. trade war with China, though excessive output received far less attention than the political ...
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Soy crushing margins in China to improve. By: Reuters | Apr 28 2014 at 01:45 AM | International Trade | Apr 28 2014 at 01:45 AM | International Trade
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Moreover, with China processing over 80% of its imported beans into animal feed, soybean crush margins are set to improve from Q2 2023 onwards. Global events such as the recent Russia-Ukraine war and a worldwide drought in 2021 have also made their mark, sending agricultural commodity prices to multi-year highs.
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The crush spread is the difference between the value of soybeans and its byproducts, and is considered a gauge of the potential profit margin for soybean processors. We will look at the Soybean crush using Soybean, Soybean Oil and Soybean Meal futures, including the various alternatives for executing the crush. Soybean Crushing
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October 15, 2007 Two China-bound soy cargoes cancelled on poor crushing margins Chinese crushers have cancelled two US soy cargoes amid poor crushing margins after initially surging to book soy after Beijing's announcement it would cut soy import duties. Chinese traders bought more than 10 US soy cargoes recently after ...
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Poor soy crushing margins in China that have led the country to default on soy purchases are short term and should improve in two to three months, Bunge Ltd's chief executive officer said.
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