Today is 04/19/2024
| Imported Soybean Crushing Margins - 2/8/2019 | |||||||||||
| 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 | 847 | 381 | 3,771 | 2,820 | 5,556 | -488 | 86 | 2,748 | 5,450 | -565 |
| Sept | 865.25 | 383 | 3,795 | 2,819 | 5,726 | -480 | 72 | 2,748 | 5,450 | -589 | |
| Oct | 865.25 | 380 | 3,772 | 2,819 | 5,726 | -457 | 68 | 2,748 | 5,450 | -566 | |
| Soybean, US PNW | Sept | 865.25 | 380 | 3,760 | 2,819 | 5,726 | -445 | 72 | 2,748 | 5,450 | -554 |
| Oct | 865.25 | 381 | 3,773 | 2,819 | 5,726 | -458 | 68 | 2,748 | 5,450 | -567 | |
| Soybean, Brasil | Aug | 852.75 | 386 | 3,087 | 2,820 | 5,556 | 252 | 76 | 2,748 | 5,450 | 174 |
| Sept | 852.75 | 387 | 3,099 | 2,819 | 5,726 | 273 | 65 | 2,748 | 5,450 | 162 | |
| Feb, 2020 | 891.75 | 383 | 3,076 | 2,708 | 5,772 | 218 | 37 | 2,748 | 5,450 | 185 | |
| Mar, 2020 | 891.75 | 380 | 3,055 | 2,708 | 5,772 | 239 | 37 | 2,748 | 5,450 | 206 | |
| Apr, 2020 | 903.5 | 383 | 3,073 | 2,708 | 5,772 | 221 | 37 | 2,748 | 5,450 | 188 | |
| May, 2020 | 903.5 | 385 | 3,090 | 2,708 | 5,772 | 204 | 37 | 2,748 | 5,450 | 171 | |
| Soybean, Argentina | Sept | 852.75 | 377 | 3,020 | 2,819 | 5,726 | 238 | 67 | 2,748 | 5,450 | 132 |
| 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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