Today is 05/25/2020

Imported Soybean Crushing Margins - 16/8/2019

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.