Today is 11/15/2024
| Imported Soybean Crushing Margins - 28/8/2019 | |||||||||||
| 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 | 859.25 | 378 | 3,997 | 2,945 | 6,110 | -510 | -2 | 2,998 | 6,100 | -470 |
| Oct | 859.25 | 379 | 4,012 | 2,945 | 6,110 | -525 | 1 | 2,998 | 6,100 | -485 | |
| Nov | 859.25 | 381 | 4,037 | 2,945 | 6,110 | -550 | 0 | 2,998 | 6,100 | -510 | |
| Soybean, US PNW | Oct | 859.25 | 373 | 3,956 | 2,945 | 6,110 | -469 | 0 | 2,998 | 6,100 | -429 |
| Soybean, Brasil | Sept | 859.25 | 411 | 3,385 | 2,945 | 6,110 | 164 | -14 | 2,998 | 6,100 | 203 |
| Oct | 859.25 | 412 | 3,395 | 2,945 | 6,110 | 154 | -12 | 2,998 | 6,100 | 193 | |
| Feb, 2020 | 886.25 | 385 | 3,185 | 2,760 | 6,088 | 213 | -14 | 2,998 | 6,100 | 403 | |
| Mar, 2020 | 886.25 | 381 | 3,152 | 2,760 | 6,088 | 246 | -14 | 2,998 | 6,100 | 436 | |
| Apr, 2020 | 897.25 | 381 | 3,158 | 2,760 | 6,088 | 240 | -14 | 2,998 | 6,100 | 430 | |
| May, 2020 | 897.25 | 382 | 3,167 | 2,760 | 6,088 | 231 | -14 | 2,998 | 6,100 | 421 | |
| Soybean, Argentina | Oct | 859.25 | 399 | 3,287 | 2,945 | 6,110 | 139 | -30 | 2,998 | 6,100 | 179 |
| May, 2020 | 908 | 376 | 3,118 | 2,760 | 6,088 | 158 | -21 | 2,998 | 6,100 | 348 | |
| 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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