Today is 11/16/2024
| Imported Soybean Crushing Margins - 14/10/2019 | |||||||||||
| 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 | 936 | 411 | 4,276 | 2,965 | 5,936 | -806 | -51 | 3,070 | 6,000 | -711 |
| Nov | 936 | 411 | 4,283 | 2,965 | 5,936 | -813 | -50 | 3,070 | 6,000 | -718 | |
| Soybean, US PNW | Oct | 936 | 406 | 4,230 | 2,965 | 5,936 | -760 | -51 | 3,070 | 6,000 | -665 |
| Nov | 936 | 406 | 4,236 | 2,965 | 5,936 | -766 | -50 | 3,070 | 6,000 | -671 | |
| Soybean, Brasil | Oct | 936 | 415 | 3,364 | 2,965 | 5,936 | 166 | -57 | 3,070 | 6,000 | 261 |
| Nov | 936 | 415 | 3,369 | 2,965 | 5,936 | 161 | -45 | 3,070 | 6,000 | 256 | |
| Dec | 950.5 | 419 | 3,409 | 2,890 | 6,006 | 75 | -53 | 3,070 | 6,000 | 216 | |
| Feb, 2020 | 961 | 407 | 3,318 | 2,890 | 6,006 | 166 | -49 | 3,070 | 6,000 | 307 | |
| Mar, 2020 | 961 | 402 | 3,283 | 2,890 | 6,006 | 201 | -46 | 3,070 | 6,000 | 342 | |
| Apr, 2020 | 968.5 | 403 | 3,287 | 2,890 | 6,006 | 197 | -37 | 3,070 | 6,000 | 338 | |
| May, 2020 | 968.5 | 405 | 3,305 | 2,890 | 6,006 | 179 | -43 | 3,070 | 6,000 | 320 | |
| Jun, 2020 | 976.75 | 407 | 3,323 | 2,936 | 6,050 | 206 | -26 | 3,070 | 6,000 | 302 | |
| Soybean, Argentina | Oct | 936 | 401 | 3,255 | 2,965 | 5,936 | 156 | -16 | 3,070 | 6,000 | 250 |
| Nov | 936 | 402 | 3,265 | 2,965 | 5,936 | 146 | -20 | 3,070 | 6,000 | 240 | |
| May, 2020 | 976.75 | 394 | 3,220 | 2,890 | 6,006 | 144 | -16 | 3,070 | 6,000 | 285 | |
| 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. |
|||||||||||