Today is 11/17/2024
| Imported Soybean Crushing Margins - 11/18/2019 | |||||||||||
| 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 | 918.25 | 409 | 4,237 | 2,886 | 6,234 | -773 | 1 | 3,005 | 6,500 | -628 |
| Jan, 2020 | 918.25 | 409 | 4,249 | 2,886 | 6,234 | -785 | -3 | 3,005 | 6,500 | -640 | |
| Soybean, US PNW |
Dec | 918.25 | 399 | 4,136 | 2,886 | 6,234 | -672 | 3,005 | 6,500 | -527 | |
| Soybean, Brazil | Dec | 918.25 | 410 | 3,303 | 2,886 | 6,234 | 224 | 3 | 3,005 | 6,500 | 371 |
| Jan, 2020 | 918.25 | 408 | 3,298 | 2,886 | 6,234 | 229 | -1 | 3,005 | 6,500 | 376 | |
| Feb, 2020 | 930.75 | 396 | 3,206 | 2,780 | 6,244 | 239 | 9 | 3,005 | 6,500 | 468 | |
| Mar, 2020 | 930.75 | 393 | 3,193 | 2,780 | 6,244 | 252 | 4 | 3,005 | 6,500 | 481 | |
| Apr, 2020 | 942.25 | 393 | 3,192 | 2,780 | 6,244 | 253 | 4 | 3,005 | 6,500 | 482 | |
| May, 2020 | 942.25 | 396 | 3,218 | 2,780 | 6,244 | 227 | 5 | 3,005 | 6,500 | 456 | |
| Jun, 2020 | 952.5 | 399 | 3,239 | 2,844 | 6,200 | 248 | 6 | 3,005 | 6,500 | 435 | |
| Soybean, Argentina | Dec | 918.25 | 396 | 3,196 | 2,886 | 6,234 | 206 | -5 | 3,005 | 6,500 | 348 |
| May, 2020 | 952.5 | 387 | 3,140 | 2,780 | 6,244 | 180 | 5 | 3,005 | 6,500 | 404 | |
| 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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