Today is 10/30/2025
| 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 | 869 | 383 | 4,051 | 2,990 | 6,098 | -530 | 11 | 3,003 | 6,040 | -531 |
| Oct | 869 | 384 | 4,069 | 2,990 | 6,098 | -548 | 19 | 3,003 | 6,040 | -549 | |
| Nov | 869 | 385 | 4,086 | 2,990 | 6,098 | -565 | 20 | 3,003 | 6,040 | -566 | |
| Soybean, US PNW | Oct | 869 | 375 | 3,974 | 2,990 | 6,098 | -453 | 20 | 3,003 | 6,040 | -454 |
| Soybean, Brasil | Sept | 869 | 410 | 3,373 | 2,990 | 6,098 | 209 | 29 | 3,003 | 6,040 | 207 |
| Oct | 869 | 410 | 3,379 | 2,990 | 6,098 | 203 | 30 | 3,003 | 6,040 | 201 | |
| Nov | 869 | 414 | 3,414 | 2,990 | 6,098 | 168 | 3,003 | 6,040 | 166 | ||
| Feb, 2020 | 894.25 | 383 | 3,171 | 2,801 | 6,052 | 252 | 44 | 3,003 | 6,040 | 409 | |
| Mar, 2020 | 894.25 | 379 | 3,141 | 2,801 | 6,052 | 282 | 29 | 3,003 | 6,040 | 439 | |
| Apr, 2020 | 904.5 | 380 | 3,151 | 2,801 | 6,052 | 272 | 36 | 3,003 | 6,040 | 429 | |
| May, 2020 | 904.5 | 382 | 3,166 | 2,801 | 6,052 | 257 | 36 | 3,003 | 6,040 | 414 | |
| Soybean, Argentina | Oct | 869 | 397 | 3,270 | 2,990 | 6,098 | 190 | 35 | 3,003 | 6,040 | 190 |
| May, 2020 | 914.25 | 379 | 3,137 | 2,801 | 6,052 | 165 | 24 | 3,003 | 6,040 | 323 | |
| 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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