Today is 11/15/2024
| Imported Soybean Crushing Margins - 20/8/2019 | |||||||||||
| 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 | 866.5 | 382 | 3,849 | 2,872 | 6,138 | -414 | 37 | 2,860 | 6,070 | -436 |
| Oct | 866.5 | 385 | 3,880 | 2,872 | 6,138 | -445 | 21 | 2,860 | 6,070 | -467 | |
| Nov | 866.5 | 387 | 3,902 | 2,872 | 6,138 | -467 | 22 | 2,860 | 6,070 | -489 | |
| Soybean, US PNW | Oct | 866.5 | 377 | 3,797 | 2,872 | 6,138 | -362 | 10 | 2,860 | 6,070 | -384 |
| Soybean, Brasil | Sept | 866.5 | 407 | 3,309 | 2,872 | 6,138 | 187 | 12 | 2,860 | 6,070 | 164 |
| Oct | 866.5 | 408 | 3,321 | 2,872 | 6,138 | 175 | 18 | 2,860 | 6,070 | 152 | |
| Feb, 2020 | 893.75 | 388 | 3,170 | 2,723 | 6,122 | 206 | 1 | 2,860 | 6,070 | 303 | |
| Mar, 2020 | 893.75 | 384 | 3,140 | 2,723 | 6,122 | 236 | 4 | 2,860 | 6,070 | 333 | |
| Apr, 2020 | 905.5 | 386 | 3,154 | 2,723 | 6,122 | 222 | -1 | 2,860 | 6,070 | 319 | |
| May, 2020 | 905.5 | 387 | 3,166 | 2,723 | 6,122 | 210 | -7 | 2,860 | 6,070 | 307 | |
| Soybean, Argentina | Sept | 866.5 | 397 | 3,225 | 2,872 | 6,138 | 149 | -22 | 2,860 | 6,070 | 127 |
| 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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