Today is 11/15/2024
| Imported Soybean Crushing Margins - 24/9/2019 | |||||||||||
| 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 | 892.5 | 386 | 4,050 | 2,848 | 6,014 | -657 | -67 | 2,955 | 6,010 | -574 |
| Oct | 892.5 | 386 | 4,059 | 2,848 | 6,014 | -666 | -70 | 2,955 | 6,010 | -583 | |
| Nov | 906 | 394 | 4,139 | 2,848 | 6,014 | -746 | -70 | 2,955 | 6,010 | -663 | |
| Soybean, US PNW | Oct | 892.5 | 380 | 3,987 | 2,848 | 6,014 | -594 | -55 | 2,955 | 6,010 | -511 |
| Nov | 892.5 | 380 | 4,001 | 2,848 | 6,014 | -608 | -56 | 2,955 | 6,010 | -525 | |
| Soybean, Brasil | Oct | 892.5 | 402 | 3,284 | 2,848 | 6,014 | 169 | -19 | 2,955 | 6,010 | 252 |
| Nov | 892.5 | 402 | 3,288 | 2,848 | 6,014 | 165 | -2 | 2,955 | 6,010 | 248 | |
| Feb, 2020 | 917 | 390 | 3,201 | 2,761 | 6,034 | 187 | -22 | 2,955 | 6,010 | 335 | |
| Mar, 2020 | 917 | 387 | 3,183 | 2,761 | 6,034 | 205 | -25 | 2,955 | 6,010 | 353 | |
| Apr, 2020 | 926.5 | 388 | 3,191 | 2,761 | 6,034 | 197 | -17 | 2,955 | 6,010 | 345 | |
| May, 2020 | 926.5 | 389 | 3,199 | 2,761 | 6,034 | 189 | -10 | 2,955 | 6,010 | 337 | |
| Jun, 2020 | 935 | 393 | 3,230 | 2,799 | 6,090 | 199 | -8 | 2,955 | 6,010 | 306 | |
| Soybean, Argentina | Oct | 892.5 | 391 | 3,201 | 2,848 | 6,014 | 131 | -33 | 2,955 | 6,010 | 215 |
| Nov | 892.5 | 392 | 3,211 | 2,848 | 6,014 | 121 | -33 | 2,955 | 6,010 | 205 | |
| May, 2020 | 935 | 381 | 3,133 | 2,761 | 6,034 | 134 | -22 | 2,955 | 6,010 | 283 | |
| 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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