Today is 05/27/2020

Imported Soybean Crushing Margins - 29/8/2019

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.