China soybean cargo purchase slumps as margins drop

Big grain terminal at seaport. Cereals bulk transshipment from railway transport to vessel. Loading grain crops on ship from elevators at the berth. Transrportation of agricultural products.

Chinese crushers’ weekly cargo-buying volume of soybeans fell sharply this week as softer crush margins in China and sufficient coverage of December shipment dampened demand of the feedstock material. The number of soybean cargoes from US and Brazil booked by Chinese crushers and trading houses tanked to 6-7 cargoes last week, more than halved compared… Continue reading China soybean cargo purchase slumps as margins drop