Today is 04/24/2024
| Imported Soybean Crushing Margins - 8/8/2019 | |||||||||||
| 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 | 866.75 | 386 | 3,876 | 2,877 | 5,796 | -502 | 16 | 2,845 | 5,620 | -561 |
| Sept | 866.75 | 383 | 3,853 | 2,862 | 5,940 | -463 | -2 | 2,845 | 5,620 | -538 | |
| Oct | 866.75 | 385 | 3,876 | 2,862 | 5,940 | -486 | 1 | 2,845 | 5,620 | -561 | |
| Soybean, US PNW | Aug | 866.75 | 374 | 3,758 | 2,877 | 5,796 | -384 | 16 | 2,845 | 5,620 | -443 |
| Soybean, Brasil | Sept | 866.75 | 400 | 3,251 | 2,862 | 5,940 | 198 | 3 | 2,845 | 5,620 | 121 |
| Oct | 866.75 | 402 | 3,271 | 2,862 | 5,940 | 178 | 2 | 2,845 | 5,620 | 101 | |
| Nov | 866.75 | 407 | 3,305 | 2,862 | 5,940 | 144 | 3 | 2,845 | 5,620 | 67 | |
| Feb, 2020 | 891.75 | 385 | 3,139 | 2,737 | 5,980 | 219 | 10 | 2,845 | 5,620 | 233 | |
| Mar, 2020 | 891.75 | 383 | 3,123 | 2,737 | 5,980 | 235 | 5 | 2,845 | 5,620 | 249 | |
| Apr, 2020 | 903 | 385 | 3,142 | 2,737 | 5,980 | 216 | 11 | 2,845 | 5,620 | 230 | |
| May, 2020 | 903 | 386 | 3,151 | 2,737 | 5,980 | 207 | 11 | 2,845 | 5,620 | 221 | |
| Soybean, Argentina | Sept | 866.75 | 384 | 3,123 | 2,862 | 5,940 | 207 | 1 | 2,845 | 5,620 | 136 |
| 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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