Today is 05/26/2020

Imported Soybean Crushing Margins - 31/7/2019

Imported Soybean Crushing Margins - 31/7/2019
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 878.75 397 3,899 2,795 5,554 -636 17 2,760 5,440 -685
Aug 878.75 396 3,888 2,795 5,554 -625 18 2,760 5,440 -674
Sept 896.75 395 3,876 2,816 5,718 -565 19 2,760 5,440 -662
Oct 896.75 393 3,856 2,816 5,718 -545 29 2,760 5,440 -642
Soybean, US PNW Sept 896.75 391 3,841 2,816 5,718 -530 19 2,760 5,440 -627
Oct 896.75 392 3,850 2,816 5,718 -539 19 2,760 5,440 -636
Soybean, Brasil Aug 884.25 394 3,129 2,795 5,554 190 4 2,760 5,440 139
Sept 884.25 395 3,136 2,816 5,718 232 13 2,760 5,440 132
Feb, 2020 922.25 394 3,135 2,724 5,792 175 6 2,760 5,440 133
Mar, 2020 922.25 392 3,114 2,724 5,792 196 7 2,760 5,440 154
Apr, 2020 933.25 393 3,130 2,724 5,792 180 2 2,760 5,440 138
May, 2020 933.25 396 3,147 2,724 5,792 163 2 2,760 5,440 121
Soybean, Argentina Aug 884.25 385 3,056 2,795 5,554 152 -1 2,760 5,440 104
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.