Today is 04/27/2024
| Imported Soybean Crushing Margins - 8/11/2019 | |||||||||||
| 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 | 936.5 | 413 | 4,259 | 2,948 | 6,350 | -724 | -41 | 3,055 | 6,590 | -593 |
| Dec | 936.5 | 413 | 4,262 | 2,948 | 6,350 | -727 | -30 | 3,055 | 6,590 | -596 | |
| Soybean, US PNW |
Nov | 925 | 401 | 4,134 | 2,948 | 6,350 | -599 | 2 | 3,055 | 6,590 | -468 |
| Soybean, Brazil | Nov | 936.5 | 414 | 3,327 | 2,948 | 6,350 | 272 | -16 | 3,055 | 6,590 | 404 |
| Dec | 936.5 | 414 | 3,329 | 2,948 | 6,350 | 270 | 5 | 3,055 | 6,590 | 402 | |
| Jan, 2020 | 936.5 | 413 | 3,317 | 2,948 | 6,350 | 282 | 14 | 3,055 | 6,590 | 414 | |
| Feb, 2020 | 948.75 | 405 | 3,259 | 2,849 | 6,238 | 239 | -3 | 3,055 | 6,590 | 472 | |
| Mar, 2020 | 948.75 | 402 | 3,238 | 2,849 | 6,238 | 260 | -12 | 3,055 | 6,590 | 493 | |
| Apr, 2020 | 960.25 | 401 | 3,237 | 2,849 | 6,238 | 261 | -3 | 3,055 | 6,590 | 494 | |
| May, 2020 | 960.25 | 404 | 3,254 | 2,849 | 6,238 | 244 | -8 | 3,055 | 6,590 | 477 | |
| Jun, 2020 | 970.75 | 407 | 3,285 | 2,897 | 6,174 | 238 | -9 | 3,055 | 6,590 | 446 | |
| Soybean, Argentina | Dec | 936.5 | 405 | 3,252 | 2,948 | 6,350 | 220 | 17 | 3,055 | 6,590 | 348 |
| May, 2020 | 970.75 | 394 | 3,179 | 2,849 | 6,238 | 195 | -8 | 3,055 | 6,590 | 421 | |
| 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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