China crushing margins for soybeans fell to nine-month low as soymeal stocks rise to their highest since mid-2012 amid sluggish end-user demand, pulling prices for the livestock feed to their lowest in a year. Soy processors in Shandong province are losing 261 yuan ($37.98) a tonne the worst margin in nine months. Crush margins are expected to remain low for at least the next couple of months given the sluggish demand outlook for soymeal and enduring surplus of edible oils.