Highlights Soybean meal spot prices reach Yuan 5,500/mt on average Replacement crush margin improves Market to remain tight until November Soybean meal spot prices in China hit its highest level at Yuan 5,500/mt on average Sept. 26, up by 8% week on week, amid lower availability in the domestic market, sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As CFR China soybean prices surged to a record high in March 2022, the Chinese crushers lowered the purchase volumes of imported soybeans for June shipment and onwards to minimize losses from deteriorating negative crush margins. Soybean meal prices were last higher at Yuan 5,150/mt on March 22. According to industry sources, the demand for June to August 2022 shipments were only at 20 million mt, down by about 10% compared to same period last year. Subsequently, the arrival volume of imported soybeans […]