Today is 04/27/2024
| 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. |
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