Today is 05/09/2025
| Imported Soybean Crushing Margins - 25/7/2019 | |||||||||||
| Products | Delivery | CBOT | CNF China | Duty-paid RMB/MT | DCE Soybean Meal | DCE Soybean Oil | DCE Gross Margin | Var. | SM | SO Spot | SCM |
| USD/MT | Spot | ||||||||||
| Soybean, US Gulf | Jul | 891 | 400 | 3,913 | 2,809 | 5,540 | -641 | 8 | 2,758 | 5,350 | -718 |
| Aug | 891 | 398 | 3,895 | 2,809 | 5,540 | -623 | 6 | 2,758 | 5,350 | -700 | |
| Sept | 908.25 | 397 | 3,887 | 2,839 | 5,698 | -562 | 6 | 2,758 | 5,350 | -692 | |
| Oct | 908.25 | 397 | 3,891 | 2,839 | 5,698 | -566 | 7 | 2,758 | 5,350 | -696 | |
| Soybean, US PNW | Aug | 891 | 384 | 3,759 | 2,809 | 5,540 | -487 | 25 | 2,758 | 5,350 | -564 |
| Soybean, Brasil | Aug | 891 | 398 | 3,147 | 2,809 | 5,540 | 180 | -4 | 2,758 | 5,350 | 102 |
| Sept | 896.25 | 400 | 3,164 | 2,839 | 5,698 | 218 | 21 | 2,758 | 5,350 | 85 | |
| Feb, 2020 | 931 | 397 | 3,153 | 2,839 | 5,698 | 229 | 16 | 2,758 | 5,350 | 96 | |
| Mar, 2020 | 931 | 395 | 3,133 | 2,839 | 5,698 | 249 | 10 | 2,758 | 5,350 | 116 | |
| Apr, 2020 | 940.5 | 397 | 3,146 | 2,740 | 5,780 | 175 | 6 | 2,758 | 5,350 | 103 | |
| May, 2020 | 940.5 | 398 | 3,160 | 2,740 | 5,780 | 161 | 7 | 2,758 | 5,350 | 89 | |
| Soybean, Argentina | Aug | 891 | 387 | 3,070 | 2,809 | 5,540 | 146 | 27 | 2,758 | 5,350 | 72 |
| Remarks: 1. SM Spot: soybean meal spot price; SO spot: soybean oil spot price, SCM: spot crushing margin. 2. CBOT Price is the closing price last night, and DCE Price is the intraday price at about 11:12 a.m.. 3. DCE crushing margin and spot crushing margin are both gross margins with labour fee. The net margins can be calculated by deducting 150 RMB/tonne, but there may be some difference in cost due to the factory scale. 4. U.S. soybean is posed with an additional tariff of 25% since July 6th, 2018. |
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