Today is 04/27/2024
| Imported Soybean Crushing Margins - 7/11/2019 | |||||||||||
| 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 | 927.5 | 407 | 4,213 | 2,935 | 6,374 | -683 | 32 | 3,044 | 6,570 | -560 |
| Dec | 927.5 | 408 | 4,227 | 2,935 | 6,374 | -697 | 29 | 3,044 | 6,570 | -574 | |
| Soybean, US PNW |
Nov | 915 | 399 | 4,131 | 2,935 | 6,374 | -601 | 25 | 3,044 | 6,570 | -478 |
| Soybean, Brazil | Nov | 915 | 410 | 3,305 | 2,935 | 6,374 | 288 | 35 | 3,044 | 6,570 | 414 |
| Dec | 927.5 | 412 | 3,328 | 2,935 | 6,374 | 265 | 33 | 3,044 | 6,570 | 391 | |
| Jan, 2020 | 927.5 | 411 | 3,325 | 2,935 | 6,374 | 268 | 33 | 3,044 | 6,570 | 394 | |
| Feb, 2020 | 940.75 | 402 | 3,254 | 2,832 | 6,292 | 242 | 2 | 3,044 | 6,570 | 465 | |
| Mar, 2020 | 940.75 | 398 | 3,224 | 2,832 | 6,292 | 272 | 16 | 3,044 | 6,570 | 495 | |
| Apr, 2020 | 952.75 | 399 | 3,232 | 2,832 | 6,292 | 264 | 13 | 3,044 | 6,570 | 487 | |
| May, 2020 | 952.75 | 400 | 3,244 | 2,832 | 6,292 | 252 | 16 | 3,044 | 6,570 | 475 | |
| Jun, 2020 | 963.25 | 404 | 3,272 | 2,878 | 6,228 | 247 | 11 | 3,044 | 6,570 | 447 | |
| Soybean, Argentina | Dec | 927.5 | 404 | 3,263 | 2,935 | 6,374 | 203 | 15 | 3,044 | 6,570 | 324 |
| May, 2020 | 963.25 | 391 | 3,167 | 2,832 | 6,292 | 203 | 6 | 3,044 | 6,570 | 420 | |
| 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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