Today is 04/24/2024
| Imported Soybean Crushing Margins - 26/7/2019 | |||||||||||
| 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 | 882.5 | 397 | 3,885 | 2,772 | 5,518 | -647 | -6 | 2,770 | 5,390 | -673 |
| Aug | 882.5 | 395 | 3,866 | 2,772 | 5,518 | -628 | -5 | 2,770 | 5,390 | -654 | |
| Sept | 899.75 | 394 | 3,858 | 2,811 | 5,658 | -562 | 0 | 2,770 | 5,390 | -646 | |
| Oct | 899.75 | 394 | 3,863 | 2,811 | 5,658 | -567 | -1 | 2,770 | 5,390 | -651 | |
| Soybean, US PNW | Sept | 899.75 | 392 | 3,846 | 2,811 | 5,658 | -550 | 2,770 | 5,390 | -634 | |
| Oct | 899.75 | 393 | 3,853 | 2,811 | 5,658 | -557 | 2,770 | 5,390 | -641 | ||
| Soybean, Brasil | Aug | 882.5 | 394 | 3,122 | 2,772 | 5,518 | 171 | -9 | 2,770 | 5,390 | 144 |
| Sept | 887.75 | 396 | 3,141 | 2,811 | 5,658 | 211 | -7 | 2,770 | 5,390 | 125 | |
| Feb, 2020 | 924.5 | 395 | 3,135 | 2,724 | 5,760 | 169 | -60 | 2,770 | 5,390 | 131 | |
| Mar, 2020 | 924.5 | 392 | 3,116 | 2,724 | 5,760 | 188 | -61 | 2,770 | 5,390 | 150 | |
| Apr, 2020 | 934.5 | 394 | 3,130 | 2,724 | 5,760 | 174 | -1 | 2,770 | 5,390 | 136 | |
| May, 2020 | 934.5 | 396 | 3,144 | 2,724 | 5,760 | 160 | -1 | 2,770 | 5,390 | 122 | |
| Soybean, Argentina | Aug | 882.5 | 383 | 3,037 | 2,772 | 5,518 | 146 | 0 | 2,770 | 5,390 | 122 |
| 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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