Today is 04/19/2024
| Imported Soybean Crushing Margins - 5/9/2019 | |||||||||||
| 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 | 875.5 | 382 | 4,015 | 2,951 | 6,154 | -514 | -2 | 3,048 | 6,090 | -450 |
| Oct | 875.5 | 383 | 4,035 | 2,951 | 6,154 | -534 | -2 | 3,048 | 6,090 | -470 | |
| Nov | 875.5 | 385 | 4,060 | 2,951 | 6,154 | -559 | -8 | 3,048 | 6,090 | -495 | |
| Soybean, US PNW | Oct | 875.5 | 377 | 3,979 | 2,951 | 6,154 | -478 | -41 | 3,048 | 6,090 | -414 |
| Soybean, Brasil | Sept | 875.5 | 413 | 3,378 | 2,951 | 6,154 | 184 | -41 | 3,048 | 6,090 | 248 |
| Oct | 875.5 | 413 | 3,387 | 2,951 | 6,154 | 175 | -42 | 3,048 | 6,090 | 239 | |
| Feb, 2020 | 901.75 | 387 | 3,187 | 2,780 | 6,078 | 225 | -17 | 3,048 | 6,090 | 439 | |
| Mar, 2020 | 901.75 | 383 | 3,154 | 2,780 | 6,078 | 258 | -16 | 3,048 | 6,090 | 472 | |
| Apr, 2020 | 912.5 | 385 | 3,174 | 2,780 | 6,078 | 238 | -40 | 3,048 | 6,090 | 452 | |
| May, 2020 | 912.5 | 387 | 3,189 | 2,780 | 6,078 | 223 | -37 | 3,048 | 6,090 | 437 | |
| Soybean, Argentina | Oct | 875.5 | 399 | 3,273 | 2,951 | 6,154 | 166 | -39 | 3,048 | 6,090 | 231 |
| May, 2020 | 922 | 382 | 3,145 | 2,780 | 6,078 | 145 | -16 | 3,048 | 6,090 | 359 | |
| 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. |
|||||||||||