date:May 24, 2012
With margins turning negative, Chinese crushers stand to lose about CNY100 for every ton of soybean they process at current prices.
CBOT soybean futures fell to $13.7/bushel Wednesday, down 10% from May 1. The import prices of soybean in the domestic market has fallen to about CNY4,300/ton now, from about CNY4,600/ton at the start of the month.
This has pushed down the price of soyoil and soymeal in the domestic market, making crushing previously bought soybean a loss-making proposition for