Today is 11/15/2024
| Imported Soybean Crushing Margins - 16/8/2019 | |||||||||||
| 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 | 870.75 | 384 | 3,855 | 2,864 | 6,256 | -404 | 29 | 2,873 | 6,030 | -440 |
| Oct | 870.75 | 385 | 3,874 | 2,864 | 6,256 | -423 | 26 | 2,873 | 6,030 | -459 | |
| Nov | 870.75 | 387 | 3,896 | 2,864 | 6,256 | -445 | 27 | 2,873 | 6,030 | -481 | |
| Soybean, US PNW | Oct | 870.75 | 376 | 3,777 | 2,864 | 6,256 | -326 | 29 | 2,873 | 6,030 | -362 |
| Soybean, Brasil | Sept | 870.75 | 406 | 3,296 | 2,864 | 6,256 | 218 | 2 | 2,873 | 6,030 | 180 |
| Oct | 870.75 | 409 | 3,317 | 2,864 | 6,256 | 197 | -14 | 2,873 | 6,030 | 159 | |
| Feb, 2020 | 897 | 387 | 3,156 | 2,725 | 6,234 | 244 | -7 | 2,873 | 6,030 | 320 | |
| Mar, 2020 | 897 | 383 | 3,129 | 2,725 | 6,234 | 271 | -1 | 2,873 | 6,030 | 347 | |
| Apr, 2020 | 908.25 | 385 | 3,139 | 2,725 | 6,234 | 261 | -1 | 2,873 | 6,030 | 337 | |
| May, 2020 | 908.25 | 385 | 3,145 | 2,725 | 6,234 | 255 | 2 | 2,873 | 6,030 | 331 | |
| Soybean, Argentina | Sept | 870.75 | 392 | 3,178 | 2,864 | 6,256 | 211 | 6 | 2,873 | 6,030 | 177 |
| 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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