Today is 05/25/2020

Imported Soybean Crushing Margins - 29/7/2019

Imported Soybean Crushing Margins - 29/7/2019
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 883.25 397 3,893 2,775 5,558 -645 2 2,755 5,390 -692
Aug 883.25 395 3,873 2,775 5,558 -625 3 2,755 5,390 -672
Sept 901 394 3,866 2,807 5,720 -562 0 2,755 5,390 -665
Oct 901 395 3,872 2,807 5,720 -568 -1 2,755 5,390 -671
Soybean, US PNW Sept 901 393 3,854 2,807 5,720 -550 0 2,755 5,390 -653
Oct 901 394 3,862 2,807 5,720 -558 -1 2,755 5,390 -661
Soybean, Brasil Aug 883.25 395 3,130 2,775 5,558 174 3 2,755 5,390 124
Sept 888.75 397 3,147 2,807 5,720 215 4 2,755 5,390 107
Feb, 2020 925.75 395 3,142 2,726 5,794 170 1 2,755 5,390 112
Mar, 2020 925.75 393 3,122 2,726 5,794 190 2 2,755 5,390 132
Apr, 2020 935.75 395 3,136 2,726 5,794 176 2 2,755 5,390 118
May, 2020 935.75 397 3,151 2,726 5,794 161 1 2,755 5,390 103
Soybean, Argentina Aug 883.25 384 3,044 2,775 5,558 149 3 2,755 5,390 103
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.