Today is 11/16/2024
| Imported Soybean Crushing Margins - 6/8/2019 | |||||||||||
| 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 | Sept | 868.75 | 382 | 3,850 | 2,892 | 5,874 | -449 | 51 | 2,828 | 5,570 | -558 |
| Oct | 868.75 | 382 | 3,854 | 2,892 | 5,874 | -453 | 23 | 2,828 | 5,570 | -562 | |
| Soybean, US PNW | Aug | 868.75 | 373 | 3,758 | 2,880 | 5,700 | -400 | 31 | 2,828 | 5,570 | -466 |
| Sept | 868.75 | 374 | 3,778 | 2,892 | 5,874 | -377 | 2,828 | 5,570 | -486 | ||
| Soybean, Brasil | Aug | 868.75 | 397 | 3,232 | 2,880 | 5,700 | 183 | 6 | 2,828 | 5,570 | 116 |
| Sept | 868.75 | 398 | 3,241 | 2,892 | 5,874 | 218 | 2 | 2,828 | 5,570 | 107 | |
| Oct | 868.75 | 401 | 3,274 | 2,892 | 5,874 | 185 | 2,828 | 5,570 | 74 | ||
| Nov | 868.75 | 405 | 3,304 | 2,892 | 5,874 | 155 | 2,828 | 5,570 | 44 | ||
| Feb, 2020 | 893.75 | 384 | 3,146 | 2,757 | 5,912 | 214 | 35 | 2,828 | 5,570 | 202 | |
| Mar, 2020 | 893.75 | 382 | 3,127 | 2,757 | 5,912 | 233 | 33 | 2,828 | 5,570 | 221 | |
| Apr, 2020 | 905.25 | 383 | 3,136 | 2,757 | 5,912 | 224 | 35 | 2,828 | 5,570 | 212 | |
| May, 2020 | 905.25 | 385 | 3,150 | 2,757 | 5,912 | 210 | 30 | 2,828 | 5,570 | 198 | |
| Soybean, Argentina | Sept | 868.75 | 385 | 3,138 | 2,892 | 5,874 | 204 | -9 | 2,828 | 5,570 | 99 |
| 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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