Today is 11/17/2024
| Imported Soybean Crushing Margins - 11/14/2019 | |||||||||||
| 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 | Dec | 915.25 | 408 | 4,235 | 2,888 | 6,330 | -751 | -24 | 3,015 | 6,640 | -592 |
| Jan, 2020 | 915.25 | 408 | 4,243 | 2,888 | 6,330 | -759 | 3,015 | 6,640 | -600 | ||
| Soybean, US PNW |
Nov | 902.5 | 396 | 4,117 | 2,888 | 6,330 | -633 | -8 | 3,015 | 6,640 | -474 |
| Soybean, Brazil | Dec | 915.25 | 408 | 3,299 | 2,888 | 6,330 | 249 | -21 | 3,015 | 6,640 | 411 |
| Jan, 2020 | 915.25 | 407 | 3,296 | 2,888 | 6,330 | 252 | -21 | 3,015 | 6,640 | 414 | |
| Feb, 2020 | 928.5 | 395 | 3,200 | 2,787 | 6,268 | 255 | -17 | 3,015 | 6,640 | 510 | |
| Mar, 2020 | 928.5 | 391 | 3,181 | 2,787 | 6,268 | 274 | -18 | 3,015 | 6,640 | 529 | |
| Apr, 2020 | 940.75 | 393 | 3,191 | 2,787 | 6,268 | 264 | -24 | 3,015 | 6,640 | 519 | |
| May, 2020 | 940.75 | 394 | 3,205 | 2,787 | 6,268 | 250 | -29 | 3,015 | 6,640 | 505 | |
| Jun, 2020 | 951.5 | 397 | 3,225 | 2,852 | 6,190 | 266 | -1 | 3,015 | 6,640 | 485 | |
| Soybean, Argentina | Dec | 915.25 | 390 | 3,160 | 2,888 | 6,330 | 261 | 3 | 3,015 | 6,640 | 417 |
| May, 2020 | 951.5 | 386 | 3,141 | 2,787 | 6,268 | 189 | -10 | 3,015 | 6,640 | 436 | |
| 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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