Today is 04/27/2024
| Imported Soybean Crushing Margins - 13/8/2019 | |||||||||||
| 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 | 879.25 | 391 | 3,936 | 2,952 | 6,040 | -456 | 85 | 2,860 | 6,040 | -529 |
| Sept | 879.25 | 386 | 3,897 | 2,950 | 6,154 | -397 | 90 | 2,860 | 6,040 | -490 | |
| Oct | 879.25 | 387 | 3,909 | 2,950 | 6,154 | -409 | 90 | 2,860 | 6,040 | -502 | |
| Soybean, US PNW | Aug | 879.25 | 381 | 3,843 | 2,952 | 6,040 | -363 | 85 | 2,860 | 6,040 | -436 |
| Soybean, Brasil | Sept | 879.25 | 407 | 3,318 | 2,950 | 6,154 | 243 | 78 | 2,860 | 6,040 | 149 |
| Oct | 879.25 | 410 | 3,345 | 2,950 | 6,154 | 216 | 77 | 2,860 | 6,040 | 122 | |
| Feb, 2020 | 905.25 | 391 | 3,203 | 2,793 | 6,184 | 240 | 50 | 2,860 | 6,040 | 264 | |
| Mar, 2020 | 905.25 | 388 | 3,179 | 2,793 | 6,184 | 264 | 49 | 2,860 | 6,040 | 288 | |
| Apr, 2020 | 917 | 390 | 3,199 | 2,793 | 6,184 | 244 | 48 | 2,860 | 6,040 | 268 | |
| May, 2020 | 917 | 392 | 3,208 | 2,793 | 6,184 | 235 | 48 | 2,860 | 6,040 | 259 | |
| Soybean, Argentina | Sept | 879.25 | 391 | 3,192 | 2,950 | 6,154 | 246 | 83 | 2,860 | 6,040 | 155 |
| 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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