Today is 11/16/2024
| Imported Soybean Crushing Margins - 5/11/2019 | |||||||||||
| 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 | 938 | 410 | 4,257 | 2,965 | 6,444 | -690 | 39 | 3,085 | 6,540 | -577 |
| Dec | 938 | 411 | 4,268 | 2,965 | 6,444 | -701 | 35 | 3,085 | 6,540 | -588 | |
| Soybean, US PNW |
Nov | 925.75 | 401 | 4,168 | 2,965 | 6,444 | -601 | 24 | 3,085 | 6,540 | -488 |
| Soybean, Brazil | Nov | 925.75 | 414 | 3,345 | 2,965 | 6,444 | 286 | 31 | 3,085 | 6,540 | 400 |
| Dec | 938 | 416 | 3,366 | 2,965 | 6,444 | 265 | 38 | 3,085 | 6,540 | 379 | |
| Jan, 2020 | 938 | 415 | 3,363 | 2,965 | 6,444 | 268 | 38 | 3,085 | 6,540 | 382 | |
| Feb, 2020 | 951.25 | 405 | 3,283 | 2,867 | 6,376 | 257 | 20 | 3,085 | 6,540 | 462 | |
| Mar, 2020 | 951.25 | 402 | 3,263 | 2,867 | 6,376 | 277 | 19 | 3,085 | 6,540 | 482 | |
| Apr, 2020 | 963.25 | 403 | 3,274 | 2,867 | 6,376 | 266 | 18 | 3,085 | 6,540 | 471 | |
| May, 2020 | 963.25 | 403 | 3,277 | 2,867 | 6,376 | 263 | 21 | 3,085 | 6,540 | 468 | |
| Jun, 2020 | 973.5 | 408 | 3,313 | 2,918 | 6,306 | 253 | 7 | 3,085 | 6,540 | 432 | |
| Soybean, Argentina | Dec | 938 | 406 | 3,283 | 2,965 | 6,444 | 219 | 38 | 3,085 | 6,540 | 331 |
| May, 2020 | 973.5 | 392 | 3,191 | 2,867 | 6,376 | 222 | 14 | 3,085 | 6,540 | 423 | |
| 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. |
|||||||||||