Today is 05/19/2024
| Imported Soybean Crushing Margins - 1/11/2019 | |||||||||||
| 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 | 932.25 | 409 | 4,254 | 2,951 | 6,306 | -725 | -21 | 3,083 | 6,440 | -595 |
| Dec | 932.25 | 409 | 4,257 | 2,951 | 6,306 | -728 | -24 | 3,083 | 6,440 | -598 | |
| Soybean, US PNW |
Nov | 916.75 | 398 | 4,139 | 2,951 | 6,306 | -610 | -17 | 3,083 | 6,440 | -480 |
| Soybean, Brazil | Nov | 916.75 | 411 | 3,325 | 2,951 | 6,306 | 267 | -17 | 3,083 | 6,440 | 399 |
| Dec | 932.25 | 415 | 3,366 | 2,951 | 6,306 | 226 | -22 | 3,083 | 6,440 | 358 | |
| Jan, 2020 | 932.25 | 415 | 3,363 | 2,951 | 6,306 | 229 | -23 | 3,083 | 6,440 | 361 | |
| Feb, 2020 | 945.25 | 403 | 3,273 | 2,851 | 6,236 | 226 | -24 | 3,083 | 6,440 | 451 | |
| Mar, 2020 | 945.25 | 399 | 3,250 | 2,851 | 6,236 | 249 | -27 | 3,083 | 6,440 | 474 | |
| Apr, 2020 | 957 | 401 | 3,261 | 2,851 | 6,236 | 238 | -28 | 3,083 | 6,440 | 463 | |
| May, 2020 | 957 | 402 | 3,267 | 2,851 | 6,236 | 232 | -28 | 3,083 | 6,440 | 457 | |
| Jun, 2020 | 967.25 | 406 | 3,300 | 2,901 | 6,174 | 227 | -27 | 3,083 | 6,440 | 424 | |
| Soybean, Argentina | Dec | 932.25 | 405 | 3,287 | 2,951 | 6,306 | 179 | -27 | 3,083 | 6,440 | 308 |
| May, 2020 | 967.25 | 389 | 3,168 | 2,851 | 6,236 | 207 | -23 | 3,083 | 6,440 | 427 | |
| 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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