Today is 04/26/2024
| Imported Soybean Crushing Margins - 10/9/2019 | |||||||||||
| 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 | 857.75 | 373 | 3,919 | 2,863 | 6,084 | -501 | 20 | 2,935 | 6,045 | -452 |
| Oct | 857.75 | 376 | 3,955 | 2,863 | 6,084 | -537 | 4 | 2,935 | 6,045 | -488 | |
| Nov | 857.75 | 377 | 3,967 | 2,863 | 6,084 | -549 | 17 | 2,935 | 6,045 | -500 | |
| Soybean, US PNW | Oct | 857.75 | 369 | 3,880 | 2,863 | 6,084 | -462 | 23 | 2,935 | 6,045 | -413 |
| Soybean, Brasil | Sept | 857.75 | 404 | 3,293 | 2,863 | 6,084 | 186 | 1 | 2,935 | 6,045 | 235 |
| Oct | 857.75 | 404 | 3,299 | 2,863 | 6,084 | 180 | 3 | 2,935 | 6,045 | 229 | |
| Feb, 2020 | 885.75 | 381 | 3,132 | 2,751 | 6,022 | 246 | -11 | 2,935 | 6,045 | 396 | |
| Mar, 2020 | 885.75 | 378 | 3,109 | 2,751 | 6,022 | 269 | -11 | 2,935 | 6,045 | 419 | |
| Apr, 2020 | 898 | 380 | 3,124 | 2,751 | 6,022 | 254 | -13 | 2,935 | 6,045 | 404 | |
| May, 2020 | 898 | 381 | 3,136 | 2,751 | 6,022 | 242 | -10 | 2,935 | 6,045 | 392 | |
| Soybean, Argentina | Oct | 857.75 | 389 | 3,181 | 2,863 | 6,084 | 176 | 16 | 2,935 | 6,045 | 226 |
| May, 2020 | 908.5 | 377 | 3,097 | 2,751 | 6,022 | 160 | -5 | 2,935 | 6,045 | 310 | |
| 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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