Today is 06/02/2020

Imported Soybean Crushing Margins - 26/8/2019

Imported Soybean Crushing Margins - 26/8/2019
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 856.5 380 4,014 2,999 6,294 -449 -68 2,938 6,090 -536
Oct 856.5 381 4,039 2,999 6,294 -474 -60 2,938 6,090 -561
Nov 856.5 383 4,063 2,999 6,294 -498 -72 2,938 6,090 -585
Soybean, US PNW Oct 856.5 373 3,951 2,999 6,294 -386 -66 2,938 6,090 -473
Soybean, Brasil Sept 856.5 410 3,370 2,999 6,294 258 42 2,938 6,090 169
Oct 856.5 410 3,374 2,999 6,294 254 49 2,938 6,090 165
Feb, 2020 885.25 383 3,174 2,783 6,248 274 27 2,938 6,090 365
Mar, 2020 885.25 379 3,141 2,783 6,248 307 46 2,938 6,090 398
Apr, 2020 897.25 380 3,150 2,783 6,248 298 44 2,938 6,090 389
May, 2020 897.25 381 3,159 2,783 6,248 289 44 2,938 6,090 380
Soybean, Argentina Oct 856.5 395 3,254 2,999 6,294 248 74 2,938 6,090 163
May, 2020 908.25 374 3,103 2,783 6,248 220 40 2,938 6,090 314
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.