Today is 11/17/2024
| Imported Soybean Crushing Margins - 11/19/2019 | |||||||||||
| 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 | 910.25 | 405 | 4,205 | 2,890 | 6,302 | -725 | 48 | 3,030 | 6,490 | -578 |
| Jan, 2020 | 910.25 | 405 | 4,214 | 2,890 | 6,302 | -734 | 51 | 3,030 | 6,490 | -587 | |
| Soybean, US PNW |
Dec | 910.25 | 396 | 4,115 | 2,890 | 6,302 | -635 | 37 | 3,030 | 6,490 | -488 |
| Soybean, Brazil | Dec | 910.25 | 407 | 3,287 | 2,890 | 6,302 | 257 | 33 | 3,030 | 6,490 | 405 |
| Jan, 2020 | 910.25 | 405 | 3,279 | 2,890 | 6,302 | 265 | 36 | 3,030 | 6,490 | 413 | |
| Feb, 2020 | 923 | 395 | 3,206 | 2,771 | 6,330 | 249 | 10 | 3,030 | 6,490 | 486 | |
| Mar, 2020 | 923 | 393 | 3,183 | 2,771 | 6,330 | 272 | 20 | 3,030 | 6,490 | 509 | |
| Apr, 2020 | 935 | 393 | 3,199 | 2,771 | 6,330 | 256 | 3 | 3,030 | 6,490 | 493 | |
| May, 2020 | 935 | 395 | 3,213 | 2,771 | 6,330 | 242 | 15 | 3,030 | 6,490 | 479 | |
| Jun, 2020 | 945.75 | 397 | 3,224 | 2,838 | 6,250 | 268 | 20 | 3,030 | 6,490 | 468 | |
| Soybean, Argentina | Dec | 910.25 | 393 | 3,180 | 2,890 | 6,302 | 237 | 31 | 3,030 | 6,490 | 382 |
| May, 2020 | 945.75 | 384 | 3,126 | 2,771 | 6,330 | 202 | 22 | 3,030 | 6,490 | 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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