Today is 11/17/2024
| Imported Soybean Crushing Margins - 22/11/2019 | |||||||||||
| 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 | 901 | 405 | 4,198 | 2,875 | 6,332 | -724 | 7 | 3,008 | 6,590 | -570 |
| Jan, 2020 | 901 | 405 | 4,203 | 2,875 | 6,332 | -729 | 11 | 3,008 | 6,590 | -575 | |
| Soybean, US PNW |
Dec | 901 | 397 | 4,116 | 2,875 | 6,332 | -642 | 6 | 3,008 | 6,590 | -488 |
| Soybean, Brazil | Dec | 901 | 406 | 3,281 | 2,875 | 6,332 | 257 | -5 | 3,008 | 6,590 | 413 |
| Jan, 2020 | 901 | 404 | 3,270 | 2,875 | 6,332 | 268 | -2 | 3,008 | 6,590 | 424 | |
| Feb, 2020 | 915.25 | 393 | 3,183 | 2,753 | 6,334 | 259 | -8 | 3,008 | 6,590 | 511 | |
| Mar, 2020 | 915.25 | 390 | 3,163 | 2,753 | 6,334 | 279 | -14 | 3,008 | 6,590 | 531 | |
| Apr, 2020 | 928.5 | 391 | 3,175 | 2,753 | 6,334 | 267 | -16 | 3,008 | 6,590 | 519 | |
| May, 2020 | 928.5 | 393 | 3,189 | 2,753 | 6,334 | 253 | -9 | 3,008 | 6,590 | 505 | |
| Jun, 2020 | 940.25 | 395 | 3,209 | 2,816 | 6,270 | 270 | 3 | 3,008 | 6,590 | 485 | |
| Soybean, Argentina | Dec | 901 | 396 | 3,200 | 2,875 | 6,332 | 211 | 1 | 3,008 | 6,590 | 363 |
| May, 2020 | 940.25 | 382 | 3,106 | 2,753 | 6,334 | 209 | 0 | 3,008 | 6,590 | 457 | |
| 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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