Today is 11/15/2024
| Imported Soybean Crushing Margins - 14/8/2019 | |||||||||||
| 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 | 889 | 391 | 3,914 | 2,906 | 6,120 | -455 | -58 | 2,915 | 6,050 | -462 |
| Oct | 889 | 392 | 3,928 | 2,906 | 6,120 | -469 | -60 | 2,915 | 6,050 | -476 | |
| Nov | 889 | 394 | 3,955 | 2,906 | 6,120 | -496 | 2,915 | 6,050 | -503 | ||
| Soybean, US PNW | Oct | 889 | 382 | 3,834 | 2,906 | 6,120 | -375 | 2,915 | 6,050 | -382 | |
| Soybean, Brasil | Sept | 889 | 408 | 3,299 | 2,906 | 6,120 | 221 | -22 | 2,915 | 6,050 | 214 |
| Oct | 889 | 410 | 3,317 | 2,906 | 6,120 | 203 | -13 | 2,915 | 6,050 | 196 | |
| Feb, 2020 | 914 | 392 | 3,192 | 2,771 | 6,166 | 230 | -10 | 2,915 | 6,050 | 321 | |
| Mar, 2020 | 914 | 388 | 3,164 | 2,771 | 6,166 | 258 | -6 | 2,915 | 6,050 | 349 | |
| Apr, 2020 | 925.25 | 392 | 3,189 | 2,771 | 6,166 | 233 | -11 | 2,915 | 6,050 | 324 | |
| May, 2020 | 925.25 | 393 | 3,198 | 2,771 | 6,166 | 224 | -11 | 2,915 | 6,050 | 315 | |
| Soybean, Argentina | Sept | 889 | 393 | 3,185 | 2,906 | 6,120 | 212 | -34 | 2,915 | 6,050 | 207 |
| 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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