Today is 04/26/2024
| Imported Soybean Crushing Margins - 6/9/2019 | |||||||||||
| 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 | 861.5 | 377 | 3,967 | 2,891 | 6,094 | -525 | -11 | 3,005 | 6,080 | -438 |
| Oct | 861.5 | 378 | 3,988 | 2,891 | 6,094 | -546 | -12 | 3,005 | 6,080 | -459 | |
| Nov | 861.5 | 380 | 4,014 | 2,891 | 6,094 | -572 | -13 | 3,005 | 6,080 | -485 | |
| Soybean, US PNW | Oct | 861.5 | 372 | 3,932 | 2,891 | 6,094 | -490 | -12 | 3,005 | 6,080 | -403 |
| Soybean, Brasil | Sept | 861.5 | 406 | 3,321 | 2,891 | 6,094 | 182 | -2 | 3,005 | 6,080 | 269 |
| Oct | 861.5 | 406 | 3,330 | 2,891 | 6,094 | 173 | -2 | 3,005 | 6,080 | 260 | |
| Feb, 2020 | 888.75 | 382 | 3,154 | 2,757 | 6,032 | 230 | 5 | 3,005 | 6,080 | 436 | |
| Mar, 2020 | 888.75 | 379 | 3,130 | 2,757 | 6,032 | 254 | -4 | 3,005 | 6,080 | 460 | |
| Apr, 2020 | 899.75 | 380 | 3,142 | 2,757 | 6,032 | 242 | 4 | 3,005 | 6,080 | 448 | |
| May, 2020 | 899.75 | 382 | 3,157 | 2,757 | 6,032 | 227 | 4 | 3,005 | 6,080 | 433 | |
| Soybean, Argentina | Oct | 861.5 | 392 | 3,222 | 2,891 | 6,094 | 159 | -7 | 3,005 | 6,080 | 246 |
| May, 2020 | 909.5 | 377 | 3,114 | 2,757 | 6,032 | 150 | 5 | 3,005 | 6,080 | 354 | |
| 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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