Today is 05/27/2020

Imported Soybean Crushing Margins - 27/8/2019

Imported Soybean Crushing Margins - 27/8/2019
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 867.25 381 4,027 2,958 6,224 -508 -59 3,008 6,190 -475
Oct 867.25 382 4,045 2,958 6,224 -526 -52 3,008 6,190 -493
Nov 867.25 383 4,069 2,958 6,224 -550 -52 3,008 6,190 -517
Soybean, US PNW Oct 867.25 376 3,988 2,958 6,224 -469 -83 3,008 6,190 -436
Soybean, Brasil Sept 867.25 414 3,404 2,958 6,224 178 -80 3,008 6,190 210
Oct 867.25 415 3,416 2,958 6,224 166 -88 3,008 6,190 198
Feb, 2020 893.5 386 3,200 2,773 6,182 227 -47 3,008 6,190 414
Mar, 2020 893.5 382 3,167 2,773 6,182 260 -47 3,008 6,190 447
Apr, 2020 904.25 383 3,173 2,773 6,182 254 -44 3,008 6,190 441
May, 2020 904.25 384 3,182 2,773 6,182 245 -44 3,008 6,190 432
Soybean, Argentina Oct 867.25 399 3,288 2,958 6,224 169 -79 3,008 6,190 203
May, 2020 914.75 377 3,124 2,773 6,182 179 -41 3,008 6,190 367
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.;U.S. soybean is posed with an additional tariff of 5% since Sept 1th, 2018.