Today is 11/16/2024
| Imported Soybean Crushing Margins - 31/10/2019 | |||||||||||
| 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 | 930.5 | 409 | 4,250 | 2,986 | 6,250 | -704 | -4 | 3,103 | 6,440 | -575 |
| Dec | 930.5 | 408 | 4,250 | 2,986 | 6,250 | -704 | 45 | 3,103 | 6,440 | -575 | |
| Soybean, US PNW |
Nov | 916 | 398 | 4,139 | 2,986 | 6,250 | -593 | 9 | 3,103 | 6,440 | -464 |
| Soybean, Brazil | Nov | 916 | 410 | 3,325 | 2,986 | 6,250 | 284 | 6 | 3,103 | 6,440 | 414 |
| Dec | 930.5 | 415 | 3,361 | 2,986 | 6,250 | 248 | 11 | 3,103 | 6,440 | 378 | |
| Jan, 2020 | 930.5 | 414 | 3,357 | 2,986 | 6,250 | 252 | 12 | 3,103 | 6,440 | 382 | |
| Feb, 2020 | 943.5 | 403 | 3,273 | 2,887 | 6,210 | 250 | 16 | 3,103 | 6,440 | 466 | |
| Mar, 2020 | 943.5 | 399 | 3,247 | 2,887 | 6,210 | 276 | 21 | 3,103 | 6,440 | 492 | |
| Apr, 2020 | 955 | 400 | 3,257 | 2,887 | 6,210 | 266 | 22 | 3,103 | 6,440 | 482 | |
| May, 2020 | 955 | 401 | 3,263 | 2,887 | 6,210 | 260 | 21 | 3,103 | 6,440 | 476 | |
| Jun, 2020 | 965.25 | 405 | 3,296 | 2,933 | 6,166 | 254 | 33 | 3,103 | 6,440 | 443 | |
| Soybean, Argentina | Dec | 930.5 | 405 | 3,278 | 2,986 | 6,250 | 206 | 3,103 | 6,440 | 333 | |
| May, 2020 | 965.25 | 389 | 3,169 | 2,887 | 6,210 | 230 | 11 | 3,103 | 6,440 | 442 | |
| 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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