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China's Import Near-Month Ship Schedule Brazilian Soybean Futures Crushing Margins Recover
Supported by CBOT soybean futures rising and market concerns over tight imported soybean supplies, domestic soybean meal prices increased significantly last week. Soybean oil futures followed international crude oil gains, and the nearby shipment Brazilian soybean market saw a rebound in crushing margins. On March 13, the crushing margin for Brazilian soybeans shipped in April and May was 52 to 75 yuan/ton, up 45 yuan/ton from the same period last week. (National Grain and Oil Information Center)