Today is 10/29/2025
| Imported Soybean Crushing Margins - 22/8/2019 | |||||||||||
| 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 | 873 | 385 | 3,877 | 2,917 | 6,172 | -400 | 1 | 2,883 | 6,080 | -444 |
| Oct | 873 | 389 | 3,921 | 2,917 | 6,172 | -444 | -11 | 2,883 | 6,080 | -488 | |
| Nov | 873 | 389 | 3,933 | 2,917 | 6,172 | -456 | 0 | 2,883 | 6,080 | -500 | |
| Soybean, US PNW | Oct | 873 | 379 | 3,826 | 2,917 | 6,172 | -349 | 0 | 2,883 | 6,080 | -393 |
| Soybean, Brasil | Sept | 873 | 409 | 3,330 | 2,917 | 6,172 | 209 | 8 | 2,883 | 6,080 | 164 |
| Oct | 873 | 409 | 3,332 | 2,917 | 6,172 | 207 | 17 | 2,883 | 6,080 | 162 | |
| Feb, 2020 | 900.25 | 387 | 3,167 | 2,724 | 6,160 | 217 | -4 | 2,883 | 6,080 | 327 | |
| Mar, 2020 | 900.25 | 386 | 3,161 | 2,724 | 6,160 | 223 | -33 | 2,883 | 6,080 | 333 | |
| Apr, 2020 | 911.75 | 387 | 3,171 | 2,724 | 6,160 | 213 | -30 | 2,883 | 6,080 | 323 | |
| May, 2020 | 911.75 | 388 | 3,180 | 2,724 | 6,160 | 204 | -27 | 2,883 | 6,080 | 314 | |
| Soybean, Argentina | Oct | 873 | 399 | 3,254 | 2,917 | 6,172 | 161 | 4 | 2,883 | 6,080 | 118 |
| May, 2020 | 922 | 380 | 3,110 | 2,724 | 6,160 | 151 | -19 | 2,883 | 6,080 | 262 | |
| 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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