Today is 11/16/2024
| Imported Soybean Crushing Margins - 11/13/2019 | |||||||||||
| 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 | 917 | 406 | 4,220 | 2,887 | 6,436 | -716 | 4 | 3,000 | 6,710 | -575 |
| Dec | 917 | 407 | 4,231 | 2,887 | 6,436 | -727 | 4 | 3,000 | 6,710 | -586 | |
| Soybean, US PNW |
Nov | 905.75 | 398 | 4,129 | 2,887 | 6,436 | -625 | 2 | 3,000 | 6,710 | -484 |
| Soybean, Brazil | Nov | 917 | 408 | 3,298 | 2,887 | 6,436 | 270 | 6 | 3,000 | 6,710 | 414 |
| Dec | 917 | 408 | 3,298 | 2,887 | 6,436 | 270 | 6 | 3,000 | 6,710 | 414 | |
| Jan, 2020 | 917 | 407 | 3,295 | 2,887 | 6,436 | 273 | 6 | 3,000 | 6,710 | 417 | |
| Feb, 2020 | 930.25 | 395 | 3,202 | 2,790 | 6,348 | 272 | 6 | 3,000 | 6,710 | 510 | |
| Mar, 2020 | 930.25 | 391 | 3,182 | 2,790 | 6,348 | 292 | 5 | 3,000 | 6,710 | 530 | |
| Apr, 2020 | 942.75 | 392 | 3,186 | 2,790 | 6,348 | 288 | 4 | 3,000 | 6,710 | 526 | |
| May, 2020 | 942.75 | 393 | 3,195 | 2,790 | 6,348 | 279 | 13 | 3,000 | 6,710 | 517 | |
| Jun, 2020 | 953.75 | 398 | 3,236 | 2,851 | 6,254 | 267 | 6 | 3,000 | 6,710 | 476 | |
| Soybean, Argentina | Dec | 917 | 393 | 3,181 | 2,887 | 6,436 | 258 | 7 | 3,000 | 6,710 | 397 |
| May, 2020 | 953.75 | 387 | 3,148 | 2,790 | 6,348 | 199 | 4 | 3,000 | 6,710 | 430 | |
| 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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