Today is 04/19/2024
| 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. |
|||||||||||