Today is 04/19/2024
| Imported Soybean Crushing Margins - 15/8/2019 | |||||||||||
| 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 | 878 | 387 | 3,877 | 2,881 | 6,150 | -433 | 22 | 2,865 | 6,010 | -472 |
| Oct | 878 | 388 | 3,893 | 2,881 | 6,150 | -449 | 20 | 2,865 | 6,010 | -488 | |
| Nov | 878 | 390 | 3,916 | 2,881 | 6,150 | -472 | 24 | 2,865 | 6,010 | -511 | |
| Soybean, US PNW | Oct | 878 | 378 | 3,799 | 2,881 | 6,150 | -355 | 20 | 2,865 | 6,010 | -394 |
| Soybean, Brasil | Sept | 878 | 406 | 3,290 | 2,881 | 6,150 | 216 | -5 | 2,865 | 6,010 | 175 |
| Oct | 878 | 406 | 3,295 | 2,881 | 6,150 | 211 | 8 | 2,865 | 6,010 | 170 | |
| Feb, 2020 | 903.75 | 387 | 3,157 | 2,750 | 6,176 | 251 | 21 | 2,865 | 6,010 | 308 | |
| Mar, 2020 | 903.75 | 385 | 3,136 | 2,750 | 6,176 | 272 | 14 | 2,865 | 6,010 | 329 | |
| Apr, 2020 | 915 | 386 | 3,146 | 2,750 | 6,176 | 262 | 29 | 2,865 | 6,010 | 319 | |
| May, 2020 | 915 | 387 | 3,155 | 2,750 | 6,176 | 253 | 29 | 2,865 | 6,010 | 310 | |
| Soybean, Argentina | Sept | 878 | 392 | 3,178 | 2,881 | 6,150 | 205 | -7 | 2,865 | 6,010 | 167 |
| 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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