Today is 11/15/2024
| Imported Soybean Crushing Margins - 18/9/2019 | |||||||||||
| 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 | 893.75 | 393 | 4,107 | 2,857 | 6,152 | -681 | -29 | 2,920 | 6,130 | -636 |
| Oct | 893.75 | 395 | 4,134 | 2,857 | 6,152 | -708 | -41 | 2,920 | 6,130 | -663 | |
| Nov | 907.25 | 399 | 4,179 | 2,857 | 6,152 | -753 | -67 | 2,920 | 6,130 | -708 | |
| Soybean, US PNW | Oct | 893.75 | 380 | 3,981 | 2,857 | 6,152 | -555 | -6 | 2,920 | 6,130 | -510 |
| Nov | 893.75 | 381 | 3,993 | 2,857 | 6,152 | -567 | 2,920 | 6,130 | -522 | ||
| Soybean, Brasil | Sept | 893.75 | 405 | 3,294 | 2,857 | 6,152 | 193 | 26 | 2,920 | 6,130 | 239 |
| Oct | 893.75 | 406 | 3,309 | 2,857 | 6,152 | 178 | 15 | 2,920 | 6,130 | 224 | |
| Nov | 893.75 | 407 | 3,316 | 2,857 | 6,152 | 171 | 2,920 | 6,130 | 217 | ||
| Feb, 2020 | 919.5 | 395 | 3,231 | 2,763 | 6,130 | 178 | -2 | 2,920 | 6,130 | 302 | |
| Mar, 2020 | 919.5 | 391 | 3,198 | 2,763 | 6,130 | 211 | 2 | 2,920 | 6,130 | 335 | |
| Apr, 2020 | 930.25 | 393 | 3,215 | 2,763 | 6,130 | 194 | 2 | 2,920 | 6,130 | 318 | |
| May, 2020 | 930.25 | 396 | 3,239 | 2,763 | 6,130 | 170 | -2 | 2,920 | 6,130 | 294 | |
| Soybean, Argentina | Oct | 893.75 | 396 | 3,231 | 2,857 | 6,152 | 133 | 47 | 2,920 | 6,130 | 179 |
| Nov | 893.75 | 397 | 3,238 | 2,857 | 6,152 | 126 | 2,920 | 6,130 | 172 | ||
| May, 2020 | 939.75 | 383 | 3,136 | 2,763 | 6,130 | 150 | 52 | 2,920 | 6,130 | 274 | |
| 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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