Today is 04/26/2024
| Imported Soybean Crushing Margins - 25/10/2019 | |||||||||||
| 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 | Nov | 933.25 | 411 | 4,290 | 3,047 | 6,268 | -692 | 41 | 3,170 | 6,200 | -608 |
| Dec | 947 | 415 | 4,335 | 3,047 | 6,268 | -737 | 55 | 3,170 | 6,200 | -653 | |
| Soybean, US PNW | Nov | 933.25 | 406 | 4,242 | 3,047 | 6,268 | -644 | 30 | 3,170 | 6,200 | -560 |
| Dec | 933.25 | 408 | 4,261 | 3,047 | 6,268 | -663 | 84 | 3,170 | 6,200 | -579 | |
| Soybean, Brasil | Oct | 933.25 | 417 | 3,382 | 3,047 | 6,268 | 279 | -3 | 3,170 | 6,200 | 362 |
| Nov | 933.25 | 417 | 3,388 | 3,047 | 6,268 | 273 | 32 | 3,170 | 6,200 | 356 | |
| Dec | 947 | 425 | 3,457 | 3,047 | 6,268 | 204 | -18 | 3,170 | 6,200 | 287 | |
| Feb, 2020 | 958.5 | 406 | 3,316 | 2,923 | 6,216 | 236 | 36 | 3,170 | 6,200 | 428 | |
| Mar, 2020 | 958.5 | 405 | 3,310 | 2,923 | 6,216 | 242 | 13 | 3,170 | 6,200 | 434 | |
| Apr, 2020 | 968.25 | 407 | 3,324 | 2,923 | 6,216 | 228 | -5 | 3,170 | 6,200 | 420 | |
| May, 2020 | 968.25 | 409 | 3,339 | 2,923 | 6,216 | 213 | -3 | 3,170 | 6,200 | 405 | |
| Jun, 2020 | 976.75 | 413 | 3,369 | 2,960 | 6,190 | 207 | -22 | 3,170 | 6,200 | 375 | |
| Soybean, Argentina | Oct | 933.25 | 400 | 3,247 | 3,047 | 6,268 | 288 | 47 | 3,170 | 6,200 | 373 |
| Nov | 933.25 | 400 | 3,252 | 3,047 | 6,268 | 283 | 51 | 3,170 | 6,200 | 368 | |
| May, 2020 | 976.75 | 393 | 3,212 | 2,923 | 6,216 | 216 | 15 | 3,170 | 6,200 | 408 | |
| 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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