Today is 11/17/2024
| Imported Soybean Crushing Margins - 11/15/2019 | |||||||||||
| 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 | 916.75 | 409 | 4,232 | 2,870 | 6,266 | -774 | -23 | 3,010 | 6,560 | -608 |
| Jan, 2020 | 916.75 | 409 | 4,240 | 2,870 | 6,266 | -782 | -23 | 3,010 | 6,560 | -616 | |
| Soybean, US PNW |
Nov | 900.25 | 394 | 4,082 | 2,870 | 6,266 | -624 | 9 | 3,010 | 6,560 | -458 |
| Soybean, Brazil | Dec | 916.75 | 409 | 3,300 | 2,870 | 6,266 | 221 | -28 | 3,010 | 6,560 | 390 |
| Jan, 2020 | 916.75 | 408 | 3,291 | 2,870 | 6,266 | 230 | -22 | 3,010 | 6,560 | 399 | |
| Feb, 2020 | 929.5 | 396 | 3,203 | 2,766 | 6,238 | 230 | -25 | 3,010 | 6,560 | 487 | |
| Mar, 2020 | 929.5 | 393 | 3,185 | 2,766 | 6,238 | 248 | -26 | 3,010 | 6,560 | 505 | |
| Apr, 2020 | 941.25 | 393 | 3,184 | 2,766 | 6,238 | 249 | -15 | 3,010 | 6,560 | 506 | |
| May, 2020 | 941.25 | 396 | 3,211 | 2,766 | 6,238 | 222 | -28 | 3,010 | 6,560 | 479 | |
| Jun, 2020 | 951.25 | 399 | 3,231 | 2,831 | 6,184 | 242 | -24 | 3,010 | 6,560 | 459 | |
| Soybean, Argentina | Dec | 916.75 | 394 | 3,184 | 2,870 | 6,266 | 211 | -50 | 3,010 | 6,560 | 375 |
| May, 2020 | 951.25 | 386 | 3,133 | 2,766 | 6,238 | 175 | -14 | 3,010 | 6,560 | 426 | |
| 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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