Today is 10/30/2025
| Imported Soybean Crushing Margins - 29/8/2019 | |||||||||||
| 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 | 865.75 | 380 | 4,018 | 2,985 | 6,124 | -496 | 14 | 2,993 | 6,060 | -502 |
| Oct | 865.75 | 381 | 4,036 | 2,985 | 6,124 | -514 | 11 | 2,993 | 6,060 | -520 | |
| Nov | 865.75 | 383 | 4,060 | 2,985 | 6,124 | -538 | 12 | 2,993 | 6,060 | -544 | |
| Soybean, US PNW | Oct | 865.75 | 376 | 3,980 | 2,985 | 6,124 | -458 | 11 | 2,993 | 6,060 | -464 |
| Soybean, Brasil | Sept | 865.75 | 412 | 3,386 | 2,985 | 6,124 | 197 | 33 | 2,993 | 6,060 | 190 |
| Oct | 865.75 | 413 | 3,401 | 2,985 | 6,124 | 182 | 28 | 2,993 | 6,060 | 175 | |
| Feb, 2020 | 892 | 387 | 3,202 | 2,788 | 6,096 | 220 | 7 | 2,993 | 6,060 | 374 | |
| Mar, 2020 | 892 | 383 | 3,170 | 2,788 | 6,096 | 252 | 6 | 2,993 | 6,060 | 406 | |
| Apr, 2020 | 902.75 | 383 | 3,175 | 2,788 | 6,096 | 247 | 7 | 2,993 | 6,060 | 401 | |
| May, 2020 | 902.75 | 384 | 3,184 | 2,788 | 6,096 | 238 | 7 | 2,993 | 6,060 | 392 | |
| Soybean, Argentina | Oct | 865.75 | 401 | 3,305 | 2,985 | 6,124 | 155 | 16 | 2,993 | 6,060 | 150 |
| May, 2020 | 913 | 378 | 3,133 | 2,788 | 6,096 | 167 | 9 | 2,993 | 6,060 | 322 | |
| 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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