October 22, 2021. By Hallie Gu and Gavin Maguire. BEIJING/SINGAPORE (Reuters) – 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 from China's battered hog sector.
BEIJING/SINGAPORE (Reuters) – 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 from China's battered hog sector. The most actively traded soybean oil futures on Dalian Commodity Exchange has ...
A vast majority of the soybeans Brazil sends to China, for instance, are crushed in China rather than in Brazil, and much of the crushing capacity in the country is dedicated to producing oil for biodiesel. Due to the ample crushing capacity in Argentina (the drought caused some facilities to close or idle), and the fact that they are dealing ...
The weekly crushing volume of soybeans in China had surged in mid-February after a sharp fall in the early part of the month. Soymeal price rose from RMB2,896/MT on 31 December 2019 to RMB3,253/MT on 31st March 2020 (April 1, 2020, Sunsirs Commodity Data Group).
China's soybean imports fell in August from the same month a year ago, customs data showed on Tuesday, as low crushing margins and high …
RECOVERING MARGINS. With soybean imports expected to stay muted through October and November, China's soyoil inventories are expected to stay tight and lend support to crush margins. "Profit from soybean oil is so good at the moment, I think crushers all want to produce and sell as much soyoil as possible," said the crushing plant manager.
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 from China's battered hog sector. The most actively traded soybean oil futures on Dalian Commodity Exchange has climbed 30% since mid-June to hit 10,278 yuan ($1,606.09) per tonne on …
The crush spread calculation is a value quoted as the difference between the combined sales values of the soybean meal and soybean oil produced and the cost of the raw soybeans. The calculated value is quoted in the currency and volumetric unit that the three price variables are locally traded in. AgriCensus Crush Margins. China Crush Margin ...
China's soyoil hit near 10-year high, crush margins swing back to profit Men work at a production line of soybean-based cooking oil at a Yihai Kerry factory in Lianyungang, Jiangsu province ...
"Crush margins in China are around four-month highs though still not great, but the U.S. cancellation and purchase of very pricy Brazilian beans likely signals a need." Meanwhile, Dow Jones writer Kirk Maltais reported on Thursday that, [In this week's USDA export sales report ], sales of U.S. wheat and soybeans fell on the high end of ...
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 from China's battered hog sector.
Poor soy crushing margins in China that have led the Asian importer to default on soy purchases are short-term and should improve in two to three months, Bunge Ltd …
At the same time, ethanol inventories went down. The current estimate is that ethanol plants in Iowa have a positive $1.15 per bushel operating margin crushing corn into ethanol," Kluis stated in a note to customers. Kluis added, "Will China continue to make large soybean purchases?
China's soybean crushers have been struggling with negative margins since June and the recent power restrictions could help elevate the margins a bit. China's gross crush margin improved by $10.42/mt on week to minus $7.52/mt, while prices for imported soybeans to China dropped by 1.4% on the week to $623.82/mt, according to S&P Global Platts ...
BARCARENA, Brazil, April 25 (Reuters) - Poor soy crushing margins in China that have led the country to default on soy purchases are short term …
By Hallie Gu and Gavin Maguire BEIJING/SINGAPORE (Reuters) - China's soybean oil prices hit a near 10-year peak this week on tight supply and …
Monthly average for China Soybean Gross Crush margin in March was assessed at $1.98/mt, compared with $28.13/mt and $16.59/mt in January and February, respectively, Platts data showed. According to the local crushers, once the gross margins fall below $20/mt threshold, losses start to pile up. As a result, the crushing plants adopt a cautious ...
The group, China's top privately-owned soybean processor, acknowledged that soybean crushing margins had been "weak" during the July-to-September period, prompting it to cut back operations. Values were undermined in particular by a hit to demand for feed ingredient soymeal as hog oversupply squeezed pork producers' margins, at a time ...
By Hallie Gu and Gavin Maguire BEIJING/SINGAPORE (Reuters) - 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 from China's battered hog sector. The most actively traded soybean oil futures on Dalian Commodity Exchange has climbed …
19 China's weekly soybean stocks continue to shrink, crush rebounds 4 minutes ago | Cai Chen Soybean stocks in China contracted further in the week to October 31, as crushing rates rebounded amid an ease in the...
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 from China's battered hog sector. The most actively traded soybean oil futures on Dalian Commodity Exchange has climbed 30% since mid-June to hit 10,278 […]
crush margin using products sold in China and soybeans purchased in the US. However, the products are quoted in Chinese yuan per metric ton (CNY/mt), while the soybeans are quoted in U.S. dollars per bushel. When calculating the crush, we will convert the soybeans to a CNY/mt price. At the time of this writing, the exchange
China's soybean crush margins have fallen back into negative territory following a short-lived rebound after the lunar new year holiday, with the crush margin for April shipment of Brazilian soybeans having narrowed to minus 76 yuan/t (minus $11.70/t) this week. The soymeal futures contract for May closed at Yn3,348/t yesterday, having fallen ...
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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 …
Crush margins, which have been buoyant for most of the year, have really taken off over the past two months as China's boycott of the U.S. soybean …
on tight supply and robust demand, lifting key soybean crushing margins to six-month highs despite sustained weak demand for soymeal from China's battered hog sector. The most actively traded soybean oil futures on Dalian Commodity Exchange has climbed 30% since mid-June to hit 10,278 yuan ($1,606.09) per tonne on Thursday, highest since ...
Essentially, the soybean crush is the margin of profit generated by crushing soybeans into soy products and is expressed in terms of cents/bushel. Thus, according to the quote above, a "price" of "526" actually means 52-3/4 cents/bushel. where S is the price of Soybeans in US$/bushel. Thus, Crush Margin is quoted in dollars and cents per bushel ...
Crush margins drive the processing rate and determine the preferred origin for China's massive importing program. Just in the past month, Chinese crush margins on US Gulf Coast shipments have dropped sharply, although they remain positive. Margins on soybeans sourced from Brazil have plunged into negative territory in the same time period.
BEIJING/SINGAPORE (Reuters) - China's soybean oil prices hit a near 10-year peak this week on tight supply and robust demand, lifting key soybean …
BEIJING/SINGAPORE: 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 ...
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