Today is 11/15/2024
| Imported Soybean Crushing Margins - 19/8/2019 | |||||||||||
| 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 | 879.75 | 387 | 3,885 | 2,861 | 6,180 | -451 | -47 | 2,863 | 6,090 | -466 |
| Oct | 879.75 | 388 | 3,900 | 2,861 | 6,180 | -466 | -43 | 2,863 | 6,090 | -481 | |
| Nov | 879.75 | 390 | 3,923 | 2,861 | 6,180 | -489 | -44 | 2,863 | 6,090 | -504 | |
| Soybean, US PNW | Oct | 879.75 | 379 | 3,806 | 2,861 | 6,180 | -372 | -46 | 2,863 | 6,090 | -387 |
| Soybean, Brasil | Sept | 879.75 | 410 | 3,321 | 2,861 | 6,180 | 175 | -43 | 2,863 | 6,090 | 159 |
| Oct | 879.75 | 412 | 3,339 | 2,861 | 6,180 | 157 | -40 | 2,863 | 6,090 | 141 | |
| Feb, 2020 | 906.5 | 390 | 3,180 | 2,723 | 6,170 | 205 | -39 | 2,863 | 6,090 | 300 | |
| Mar, 2020 | 906.5 | 387 | 3,153 | 2,723 | 6,170 | 232 | -39 | 2,863 | 6,090 | 327 | |
| Apr, 2020 | 917.5 | 388 | 3,162 | 2,723 | 6,170 | 223 | -38 | 2,863 | 6,090 | 318 | |
| May, 2020 | 917.5 | 389 | 3,168 | 2,723 | 6,170 | 217 | -38 | 2,863 | 6,090 | 312 | |
| Soybean, Argentina | Sept | 879.75 | 395 | 3,202 | 2,861 | 6,180 | 171 | -40 | 2,863 | 6,090 | 156 |
| 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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