Today is 11/15/2024
| Imported Soybean Crushing Margins - 21/8/2019 | |||||||||||
| 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 | 868.25 | 383 | 3,851 | 2,884 | 6,168 | -401 | 13 | 2,868 | 6,080 | -430 |
| Oct | 868.25 | 386 | 3,883 | 2,884 | 6,168 | -433 | 12 | 2,868 | 6,080 | -462 | |
| Nov | 868.25 | 388 | 3,906 | 2,884 | 6,168 | -456 | 11 | 2,868 | 6,080 | -485 | |
| Soybean, US PNW | Oct | 868.25 | 377 | 3,799 | 2,884 | 6,168 | -349 | 13 | 2,868 | 6,080 | -378 |
| Soybean, Brasil | Sept | 868.25 | 408 | 3,311 | 2,884 | 6,168 | 201 | 14 | 2,868 | 6,080 | 171 |
| Oct | 868.25 | 409 | 3,322 | 2,884 | 6,168 | 190 | 15 | 2,868 | 6,080 | 160 | |
| Feb, 2020 | 895.25 | 386 | 3,153 | 2,716 | 6,142 | 221 | 15 | 2,868 | 6,080 | 329 | |
| Mar, 2020 | 895.25 | 381 | 3,118 | 2,716 | 6,142 | 256 | 20 | 2,868 | 6,080 | 364 | |
| Apr, 2020 | 906.75 | 383 | 3,131 | 2,716 | 6,142 | 243 | 21 | 2,868 | 6,080 | 351 | |
| May, 2020 | 906.75 | 385 | 3,143 | 2,716 | 6,142 | 231 | 21 | 2,868 | 6,080 | 339 | |
| Soybean, Argentina | Oct | 868.25 | 397 | 3,232 | 2,884 | 6,168 | 157 | 2,868 | 6,080 | 128 | |
| May, 2020 | 917.5 | 377 | 3,081 | 2,716 | 6,142 | 170 | 2,868 | 6,080 | 279 | ||
| 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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