Today is 05/27/2020

Imported Soybean Crushing Margins - 20/8/2019

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.