Today is 05/19/2024
| Imported Soybean Crushing Margins - 4/11/2019 | |||||||||||
| 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 | 936.75 | 411 | 4,267 | 2,971 | 6,268 | -729 | -4 | 3,070 | 6,500 | -607 |
| Dec | 936.75 | 411 | 4,274 | 2,971 | 6,268 | -736 | -8 | 3,070 | 6,500 | -614 | |
| Soybean, US PNW |
Nov | 924.25 | 401 | 4,163 | 2,971 | 6,268 | -625 | -15 | 3,070 | 6,500 | -503 |
| Soybean, Brazil | Nov | 924.25 | 413 | 3,346 | 2,971 | 6,268 | 255 | -12 | 3,070 | 6,500 | 379 |
| Dec | 936.75 | 417 | 3,374 | 2,971 | 6,268 | 227 | 1 | 3,070 | 6,500 | 351 | |
| Jan, 2020 | 936.75 | 416 | 3,371 | 2,971 | 6,268 | 230 | 1 | 3,070 | 6,500 | 354 | |
| Feb, 2020 | 949.25 | 405 | 3,279 | 2,874 | 6,226 | 237 | 11 | 3,070 | 6,500 | 446 | |
| Mar, 2020 | 949.25 | 401 | 3,258 | 2,874 | 6,226 | 258 | 9 | 3,070 | 6,500 | 467 | |
| Apr, 2020 | 960.75 | 402 | 3,268 | 2,874 | 6,226 | 248 | 10 | 3,070 | 6,500 | 457 | |
| May, 2020 | 960.75 | 403 | 3,274 | 2,874 | 6,226 | 242 | 10 | 3,070 | 6,500 | 451 | |
| Jun, 2020 | 970.75 | 407 | 3,306 | 2,930 | 6,184 | 246 | 19 | 3,070 | 6,500 | 419 | |
| Soybean, Argentina | Dec | 936.75 | 407 | 3,294 | 2,971 | 6,268 | 181 | 2 | 3,070 | 6,500 | 301 |
| May, 2020 | 970.75 | 391 | 3,183 | 2,874 | 6,226 | 208 | 1 | 3,070 | 6,500 | 412 | |
| 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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