Soybean crush margins in China fell sharply in the past two weeks as fears of crop damage in Brazil amidst continuous dry weather conditions fuelled a rally of soybean complex futures.
Board margins for front-month shipments of Brazilian soybeans into China sank to -$25-30/ton last week and continued to hover at the level of $-20/ton this week, based on Sitonia Consulting data.
Those for soybeans from the US Gulf to China also weakened sharply to about -$15-20/ton.
Softer margins were largely ca...