Today is 11/16/2024
| 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. |
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