Today is 11/16/2024
| Imported Soybean Crushing Margins - 5/8/2019 | |||||||||||
| 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 | 850.25 | 380 | 3,833 | 2,859 | 5,672 | -497 | -9 | 2,800 | 5,450 | -586 |
| Sept | 868.5 | 384 | 3,875 | 2,866 | 5,846 | -500 | -20 | 2,800 | 5,450 | -628 | |
| Oct | 868.5 | 382 | 3,851 | 2,866 | 5,846 | -476 | -19 | 2,800 | 5,450 | -604 | |
| Soybean, US PNW | Aug | 868.5 | 373 | 3,767 | 2,859 | 5,672 | -431 | 2,800 | 5,450 | -520 | |
| Soybean, Brasil | Aug | 855.75 | 395 | 3,216 | 2,859 | 5,672 | 177 | -38 | 2,800 | 5,450 | 86 |
| Sept | 855.75 | 394 | 3,217 | 2,866 | 5,846 | 216 | -11 | 2,800 | 5,450 | 85 | |
| Feb, 2020 | 894.25 | 386 | 3,157 | 2,733 | 5,886 | 179 | -39 | 2,800 | 5,450 | 145 | |
| Mar, 2020 | 894.25 | 383 | 3,136 | 2,733 | 5,886 | 200 | -39 | 2,800 | 5,450 | 166 | |
| Apr, 2020 | 905.75 | 384 | 3,147 | 2,733 | 5,886 | 189 | -32 | 2,800 | 5,450 | 155 | |
| May, 2020 | 905.75 | 386 | 3,156 | 2,733 | 5,886 | 180 | -24 | 2,800 | 5,450 | 146 | |
| Soybean, Argentina | Sept | 855.75 | 380 | 3,103 | 2,866 | 5,846 | 213 | -25 | 2,800 | 5,450 | 90 |
| 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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