Today is 11/15/2024
| Imported Soybean Crushing Margins - 16/9/2019 | |||||||||||
| 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 | 898.75 | 390 | 4,069 | 2,842 | 6,106 | -664 | -110 | 2,921 | 6,040 | -614 |
| Oct | 898.75 | 391 | 4,085 | 2,842 | 6,106 | -680 | -108 | 2,921 | 6,040 | -630 | |
| Nov | 898.75 | 392 | 4,104 | 2,842 | 6,106 | -699 | -107 | 2,921 | 6,040 | -649 | |
| Soybean, US PNW | Oct | 898.75 | 379 | 3,968 | 2,842 | 6,106 | -563 | -96 | 2,921 | 6,040 | -513 |
| Soybean, Brasil | Sept | 898.75 | 408 | 3,314 | 2,842 | 6,106 | 152 | 4 | 2,921 | 6,040 | 202 |
| Oct | 898.75 | 408 | 3,319 | 2,842 | 6,106 | 147 | 14 | 2,921 | 6,040 | 197 | |
| Feb, 2020 | 924 | 395 | 3,228 | 2,755 | 6,080 | 164 | -38 | 2,921 | 6,040 | 288 | |
| Mar, 2020 | 924 | 391 | 3,198 | 2,755 | 6,080 | 194 | -43 | 2,921 | 6,040 | 318 | |
| Apr, 2020 | 934.75 | 393 | 3,215 | 2,755 | 6,080 | 177 | -45 | 2,921 | 6,040 | 301 | |
| May, 2020 | 934.75 | 396 | 3,236 | 2,755 | 6,080 | 156 | -54 | 2,921 | 6,040 | 280 | |
| Soybean, Argentina | Oct | 898.75 | 402 | 3,272 | 2,842 | 6,106 | 72 | -54 | 2,921 | 6,040 | 123 |
| May, 2020 | 943 | 389 | 3,183 | 2,755 | 6,080 | 88 | -49 | 2,921 | 6,040 | 212 | |
| 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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