Today is 11/16/2024
| Imported Soybean Crushing Margins - 7/8/2019 | |||||||||||
| 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 | 865.75 | 386 | 3,877 | 2,878 | 5,712 | -518 | 2,850 | 5,605 | -561 | |
| Sept | 865.75 | 383 | 3,847 | 2,875 | 5,866 | -461 | -12 | 2,850 | 5,605 | -531 | |
| Oct | 865.75 | 385 | 3,873 | 2,875 | 5,866 | -487 | -34 | 2,850 | 5,605 | -557 | |
| Soybean, US PNW | Aug | 865.75 | 374 | 3,759 | 2,878 | 5,712 | -400 | 0 | 2,850 | 5,605 | -443 |
| Soybean, Brasil | Sept | 865.75 | 400 | 3,249 | 2,875 | 5,866 | 195 | -23 | 2,850 | 5,605 | 124 |
| Oct | 865.75 | 402 | 3,268 | 2,875 | 5,866 | 176 | -9 | 2,850 | 5,605 | 105 | |
| Nov | 865.75 | 406 | 3,303 | 2,875 | 5,866 | 141 | -14 | 2,850 | 5,605 | 70 | |
| Feb, 2020 | 890.75 | 384 | 3,138 | 2,741 | 5,910 | 209 | -5 | 2,850 | 5,605 | 235 | |
| Mar, 2020 | 890.75 | 382 | 3,117 | 2,741 | 5,910 | 230 | -3 | 2,850 | 5,605 | 256 | |
| Apr, 2020 | 902 | 385 | 3,142 | 2,741 | 5,910 | 205 | -19 | 2,850 | 5,605 | 231 | |
| May, 2020 | 902 | 386 | 3,151 | 2,741 | 5,910 | 196 | -14 | 2,850 | 5,605 | 222 | |
| Soybean, Argentina | Sept | 865.75 | 384 | 3,121 | 2,875 | 5,866 | 206 | 2 | 2,850 | 5,605 | 139 |
| 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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