Today is 04/20/2024
| Imported Soybean Crushing Margins - 30/8/2019 | |||||||||||
| 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 | 868.5 | 382 | 4,037 | 2,952 | 6,126 | -541 | -45 | 3,030 | 6,060 | -492 |
| Oct | 868.5 | 384 | 4,063 | 2,952 | 6,126 | -567 | -53 | 3,030 | 6,060 | -518 | |
| Nov | 868.5 | 385 | 4,081 | 2,952 | 6,126 | -585 | -47 | 3,030 | 6,060 | -536 | |
| Soybean, US PNW | Oct | 868.5 | 375 | 3,969 | 2,952 | 6,126 | -473 | -15 | 3,030 | 6,060 | -424 |
| Soybean, Brasil | Sept | 868.5 | 411 | 3,377 | 2,952 | 6,126 | 180 | -17 | 3,030 | 6,060 | 229 |
| Oct | 868.5 | 411 | 3,384 | 2,952 | 6,126 | 173 | -9 | 3,030 | 6,060 | 222 | |
| Feb, 2020 | 894 | 386 | 3,192 | 2,762 | 6,088 | 208 | -12 | 3,030 | 6,060 | 414 | |
| Mar, 2020 | 894 | 380 | 3,147 | 2,762 | 6,088 | 253 | 1 | 3,030 | 6,060 | 459 | |
| Apr, 2020 | 904.75 | 382 | 3,164 | 2,762 | 6,088 | 236 | -11 | 3,030 | 6,060 | 442 | |
| May, 2020 | 904.75 | 384 | 3,179 | 2,762 | 6,088 | 221 | -17 | 3,030 | 6,060 | 427 | |
| Soybean, Argentina | Oct | 868.5 | 398 | 3,280 | 2,952 | 6,126 | 155 | 0 | 3,030 | 6,060 | 205 |
| May, 2020 | 914.75 | 379 | 3,137 | 2,762 | 6,088 | 141 | -26 | 3,030 | 6,060 | 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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