Today is 10/31/2025
| Imported Soybean Crushing Margins - 17/9/2019 | |||||||||||
| 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 | 900 | 390 | 4,079 | 2,849 | 6,190 | -652 | 12 | 2,910 | 6,160 | -610 |
| Oct | 900 | 391 | 4,094 | 2,849 | 6,190 | -667 | 13 | 2,910 | 6,160 | -625 | |
| Nov | 900 | 393 | 4,113 | 2,849 | 6,190 | -686 | 13 | 2,910 | 6,160 | -644 | |
| Soybean, US PNW | Oct | 900 | 380 | 3,976 | 2,849 | 6,190 | -549 | 14 | 2,910 | 6,160 | -507 |
| Soybean, Brasil | Sept | 900 | 408 | 3,322 | 2,849 | 6,190 | 167 | 15 | 2,910 | 6,160 | 209 |
| Oct | 900 | 408 | 3,326 | 2,849 | 6,190 | 163 | 16 | 2,910 | 6,160 | 205 | |
| Feb, 2020 | 925.75 | 395 | 3,239 | 2,767 | 6,164 | 180 | 16 | 2,910 | 6,160 | 292 | |
| Mar, 2020 | 925.75 | 392 | 3,210 | 2,767 | 6,164 | 209 | 15 | 2,910 | 6,160 | 321 | |
| Apr, 2020 | 936.5 | 394 | 3,227 | 2,767 | 6,164 | 192 | 15 | 2,910 | 6,160 | 304 | |
| May, 2020 | 936.5 | 397 | 3,247 | 2,767 | 6,164 | 172 | 16 | 2,910 | 6,160 | 284 | |
| Soybean, Argentina | Oct | 900 | 403 | 3,279 | 2,849 | 6,190 | 86 | 14 | 2,910 | 6,160 | 129 |
| May, 2020 | 945.5 | 390 | 3,197 | 2,767 | 6,164 | 98 | 10 | 2,910 | 6,160 | 211 | |
| 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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