Today is 11/16/2024
| Imported Soybean Crushing Margins - 15/10/2019 | |||||||||||
| 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 | 940.5 | 412 | 4,301 | 2,972 | 5,916 | -829 | -23 | 3,058 | 5,930 | -758 |
| Nov | 940.5 | 412 | 4,306 | 2,972 | 5,916 | -834 | -21 | 3,058 | 5,930 | -763 | |
| Soybean, US PNW | Oct | 940.5 | 408 | 4,255 | 2,972 | 5,916 | -783 | -23 | 3,058 | 5,930 | -712 |
| Nov | 940.5 | 408 | 4,260 | 2,972 | 5,916 | -788 | -22 | 3,058 | 5,930 | -717 | |
| Soybean, Brasil | Oct | 940.5 | 417 | 3,383 | 2,972 | 5,916 | 148 | -18 | 3,058 | 5,930 | 219 |
| Nov | 940.5 | 417 | 3,387 | 2,972 | 5,916 | 144 | -17 | 3,058 | 5,930 | 215 | |
| Dec | 955 | 421 | 3,427 | 2,878 | 5,986 | 44 | -31 | 3,058 | 5,930 | 175 | |
| Feb, 2020 | 965 | 408 | 3,335 | 2,878 | 5,986 | 136 | -30 | 3,058 | 5,930 | 267 | |
| Mar, 2020 | 965 | 404 | 3,300 | 2,878 | 5,986 | 171 | -30 | 3,058 | 5,930 | 302 | |
| Apr, 2020 | 972.25 | 404 | 3,303 | 2,878 | 5,986 | 168 | -29 | 3,058 | 5,930 | 299 | |
| May, 2020 | 972.25 | 406 | 3,321 | 2,878 | 5,986 | 150 | -29 | 3,058 | 5,930 | 281 | |
| Jun, 2020 | 980.5 | 409 | 3,339 | 2,921 | 6,026 | 174 | -32 | 3,058 | 5,930 | 263 | |
| Soybean, Argentina | Oct | 940.5 | 403 | 3,273 | 2,972 | 5,916 | 140 | -16 | 3,058 | 5,930 | 210 |
| Nov | 940.5 | 403 | 3,283 | 2,972 | 5,916 | 130 | -16 | 3,058 | 5,930 | 200 | |
| May, 2020 | 980.5 | 396 | 3,236 | 2,878 | 5,986 | 115 | -29 | 3,058 | 5,930 | 247 | |
| 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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