Today is 05/19/2024
| Imported Soybean Crushing Margins - 30/10/2019 | |||||||||||
| 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 | 918.25 | 408 | 4,253 | 2,988 | 6,278 | -700 | 13 | 3,113 | 6,360 | -585 |
| Dec | 933.5 | 412 | 4,302 | 2,988 | 6,278 | -749 | 1 | 3,113 | 6,360 | -634 | |
| Soybean, US PNW |
Nov | 918.25 | 398 | 4,155 | 2,988 | 6,278 | -602 | 14 | 3,113 | 6,360 | -487 |
| Soybean, Brazil | Nov | 918.25 | 411 | 3,338 | 2,988 | 6,278 | 278 | 12 | 3,113 | 6,360 | 393 |
| Dec | 933.5 | 416 | 3,379 | 2,988 | 6,278 | 237 | 2 | 3,113 | 6,360 | 352 | |
| Jan, 2020 | 933.5 | 415 | 3,376 | 2,988 | 6,278 | 240 | 8 | 3,113 | 6,360 | 355 | |
| Feb, 2020 | 946.25 | 405 | 3,296 | 2,890 | 6,234 | 234 | 17 | 3,113 | 6,360 | 435 | |
| Mar, 2020 | 946.25 | 401 | 3,275 | 2,890 | 6,234 | 255 | 12 | 3,113 | 6,360 | 456 | |
| Apr, 2020 | 957.75 | 403 | 3,286 | 2,890 | 6,234 | 244 | -2 | 3,113 | 6,360 | 445 | |
| May, 2020 | 957.75 | 403 | 3,291 | 2,890 | 6,234 | 239 | -1 | 3,113 | 6,360 | 440 | |
| Jun, 2020 | 968.25 | 408 | 3,325 | 2,925 | 6,178 | 221 | -6 | 3,113 | 6,360 | 406 | |
| Soybean, Argentina | Nov | 918.25 | 396 | 3,220 | 2,988 | 6,278 | 271 | 12 | 3,113 | 6,360 | 384 |
| May, 2020 | 968.25 | 390 | 3,186 | 2,890 | 6,234 | 219 | 8 | 3,113 | 6,360 | 418 | |
| 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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