Today is 11/16/2024
| Imported Soybean Crushing Margins - 1/8/2019 | |||||||||||
| 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 | Aug | 864 | 388 | 3,814 | 2,772 | 5,526 | -574 | 51 | 2,763 | 5,435 | -599 |
| Sept | 881.5 | 389 | 3,832 | 2,784 | 5,690 | -552 | 13 | 2,763 | 5,435 | -617 | |
| Oct | 881.5 | 386 | 3,805 | 2,784 | 5,690 | -525 | 20 | 2,763 | 5,435 | -590 | |
| Soybean, US PNW | Sept | 881.5 | 386 | 3,797 | 2,784 | 5,690 | -517 | 13 | 2,763 | 5,435 | -582 |
| Oct | 881.5 | 387 | 3,806 | 2,784 | 5,690 | -526 | 13 | 2,763 | 5,435 | -591 | |
| Soybean, Brasil | Aug | 869 | 392 | 3,119 | 2,772 | 5,526 | 176 | -14 | 2,763 | 5,435 | 151 |
| Sept | 869 | 393 | 3,129 | 2,784 | 5,690 | 208 | -24 | 2,763 | 5,435 | 141 | |
| Feb, 2020 | 908.5 | 389 | 3,104 | 2,702 | 5,752 | 181 | 6 | 2,763 | 5,435 | 166 | |
| Mar, 2020 | 908.5 | 386 | 3,083 | 2,702 | 5,752 | 202 | 6 | 2,763 | 5,435 | 187 | |
| Apr, 2020 | 920.5 | 389 | 3,101 | 2,702 | 5,752 | 184 | 4 | 2,763 | 5,435 | 169 | |
| May, 2020 | 920.5 | 391 | 3,118 | 2,702 | 5,752 | 167 | 4 | 2,763 | 5,435 | 152 | |
| Soybean, Argentina | Sept | 869 | 383 | 3,053 | 2,784 | 5,690 | 171 | 2,763 | 5,435 | 108 | |
| 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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