Today is 05/19/2024
| Imported Soybean Crushing Margins - 6/11/2019 | |||||||||||
| 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 | 934.25 | 409 | 4,224 | 2,923 | 6,314 | -715 | -25 | 3,078 | 6,610 | -536 |
| Dec | 934.25 | 409 | 4,235 | 2,923 | 6,314 | -726 | -25 | 3,078 | 6,610 | -547 | |
| Soybean, US PNW |
Nov | 921.75 | 400 | 4,135 | 2,923 | 6,314 | -626 | -25 | 3,078 | 6,610 | -447 |
| Soybean, Brazil | Nov | 921.75 | 412 | 3,319 | 2,923 | 6,314 | 253 | -33 | 3,078 | 6,610 | 435 |
| Dec | 934.25 | 415 | 3,340 | 2,923 | 6,314 | 232 | -33 | 3,078 | 6,610 | 414 | |
| Jan, 2020 | 934.25 | 414 | 3,337 | 2,923 | 6,314 | 235 | -33 | 3,078 | 6,610 | 417 | |
| Feb, 2020 | 947.25 | 402 | 3,245 | 2,828 | 6,256 | 240 | -17 | 3,078 | 6,610 | 509 | |
| Mar, 2020 | 947.25 | 399 | 3,229 | 2,828 | 6,256 | 256 | -21 | 3,078 | 6,610 | 525 | |
| Apr, 2020 | 959 | 400 | 3,234 | 2,828 | 6,256 | 251 | -15 | 3,078 | 6,610 | 520 | |
| May, 2020 | 959 | 402 | 3,249 | 2,828 | 6,256 | 236 | -27 | 3,078 | 6,610 | 505 | |
| Jun, 2020 | 969.25 | 405 | 3,276 | 2,877 | 6,196 | 236 | -17 | 3,078 | 6,610 | 478 | |
| Soybean, Argentina | Dec | 934.25 | 404 | 3,258 | 2,923 | 6,314 | 188 | -31 | 3,078 | 6,610 | 363 |
| May, 2020 | 969.25 | 391 | 3,163 | 2,828 | 6,256 | 197 | -25 | 3,078 | 6,610 | 458 | |
| 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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