Today is 11/15/2024
| Imported Soybean Crushing Margins - 23/8/2019 | |||||||||||
| 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 | 868.75 | 384 | 3,874 | 2,936 | 6,176 | -381 | 19 | 2,915 | 6,090 | -414 |
| Oct | 868.75 | 387 | 3,907 | 2,936 | 6,176 | -414 | 30 | 2,915 | 6,090 | -447 | |
| Nov | 868.75 | 388 | 3,919 | 2,936 | 6,176 | -426 | 30 | 2,915 | 6,090 | -459 | |
| Soybean, US PNW | Oct | 868.75 | 377 | 3,813 | 2,936 | 6,176 | -320 | 29 | 2,915 | 6,090 | -353 |
| Soybean, Brasil | Sept | 868.75 | 410 | 3,339 | 2,936 | 6,176 | 216 | 7 | 2,915 | 6,090 | 182 |
| Oct | 868.75 | 411 | 3,350 | 2,936 | 6,176 | 205 | -2 | 2,915 | 6,090 | 171 | |
| Feb, 2020 | 895.5 | 385 | 3,154 | 2,745 | 6,164 | 247 | 30 | 2,915 | 6,090 | 367 | |
| Mar, 2020 | 895.5 | 383 | 3,140 | 2,745 | 6,164 | 261 | 38 | 2,915 | 6,090 | 381 | |
| Apr, 2020 | 907 | 384 | 3,147 | 2,745 | 6,164 | 254 | 41 | 2,915 | 6,090 | 374 | |
| May, 2020 | 907 | 385 | 3,156 | 2,745 | 6,164 | 245 | 41 | 2,915 | 6,090 | 365 | |
| Soybean, Argentina | Oct | 868.75 | 399 | 3,257 | 2,936 | 6,176 | 174 | 13 | 2,915 | 6,090 | 142 |
| May, 2020 | 917.25 | 378 | 3,098 | 2,745 | 6,164 | 180 | 29 | 2,915 | 6,090 | 301 | |
| 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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