China’s soy crushing rates hit year-to-date low in August as negative margins force run cuts
The operating rate at soybean crushing plants in China slumped to a year-to-date low of 53.5% at the start of August amid prolonged negative crush margins and replacement margins, prompting crushers to reduce soybean purchases and cut operating rates at plants, leading to a fall in soybean prices, market sources said Aug. 5 Over January-May, crushers were able to achieve…