Today is 11/15/2024
| Imported Soybean Crushing Margins - 10/10/2019 | |||||||||||
| 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 | Oct | 923.75 | 404 | 4,233 | 2,947 | 5,980 | -769 | 8 | 3,038 | 5,970 | -699 |
| Nov | 923.75 | 405 | 4,253 | 2,947 | 5,980 | -789 | -3 | 3,038 | 5,970 | -719 | |
| Soybean, US PNW | Oct | 923.75 | 398 | 4,168 | 2,947 | 5,980 | -704 | -4 | 3,038 | 5,970 | -634 |
| Nov | 923.75 | 398 | 4,176 | 2,947 | 5,980 | -712 | -4 | 3,038 | 5,970 | -642 | |
| Soybean, Brasil | Oct | 923.75 | 407 | 3,323 | 2,947 | 5,980 | 201 | -4 | 3,038 | 5,970 | 271 |
| Nov | 923.75 | 408 | 3,332 | 2,947 | 5,980 | 192 | 5 | 3,038 | 5,970 | 262 | |
| Dec | 938 | 412 | 3,373 | 2,862 | 6,056 | 99 | 1 | 3,038 | 5,970 | 221 | |
| Feb, 2020 | 949.75 | 401 | 3,290 | 2,862 | 6,056 | 182 | 15 | 3,038 | 5,970 | 304 | |
| Mar, 2020 | 949.75 | 397 | 3,258 | 2,862 | 6,056 | 214 | 1 | 3,038 | 5,970 | 336 | |
| Apr, 2020 | 959.5 | 399 | 3,278 | 2,862 | 6,056 | 194 | 1 | 3,038 | 5,970 | 316 | |
| May, 2020 | 959.5 | 400 | 3,287 | 2,862 | 6,056 | 185 | 1 | 3,038 | 5,970 | 307 | |
| Jun, 2020 | 968.75 | 404 | 3,314 | 2,902 | 6,110 | 201 | 0 | 3,038 | 5,970 | 280 | |
| Soybean, Argentina | Oct | 923.75 | 399 | 3,259 | 2,947 | 5,980 | 146 | -3 | 3,038 | 5,970 | 216 |
| Nov | 923.75 | 399 | 3,265 | 2,947 | 5,980 | 140 | -3 | 3,038 | 5,970 | 210 | |
| May, 2020 | 968.75 | 392 | 3,221 | 2,862 | 6,056 | 130 | 1 | 3,038 | 5,970 | 254 | |
| 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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