Today is 11/17/2024
| Imported Soybean Crushing Margins - 26/11/2019 | |||||||||||
| 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 | 892.5 | 401 | 4,161 | 2,887 | 6,270 | -689 | 6 | 2,993 | 6,570 | -548 |
| Jan, 2020 | 892.5 | 401 | 4,166 | 2,887 | 6,270 | -694 | 6 | 2,993 | 6,570 | -553 | |
| Soybean, US PNW |
Dec | 892.5 | 393 | 4,090 | 2,887 | 6,270 | -618 | 6 | 2,993 | 6,570 | -477 |
| Soybean, Brazil | Dec | 892.5 | 404 | 3,269 | 2,887 | 6,270 | 266 | -13 | 2,993 | 6,570 | 409 |
| Jan, 2020 | 892.5 | 402 | 3,258 | 2,887 | 6,270 | 277 | -16 | 2,993 | 6,570 | 420 | |
| Feb, 2020 | 907 | 393 | 3,187 | 2,767 | 6,280 | 255 | -22 | 2,993 | 6,570 | 491 | |
| Mar, 2020 | 907 | 388 | 3,149 | 2,767 | 6,280 | 293 | -13 | 2,993 | 6,570 | 529 | |
| Apr, 2020 | 921 | 389 | 3,162 | 2,767 | 6,280 | 280 | -7 | 2,993 | 6,570 | 516 | |
| May, 2020 | 921 | 390 | 3,174 | 2,767 | 6,280 | 268 | -10 | 2,993 | 6,570 | 504 | |
| Jun, 2020 | 933.25 | 396 | 3,216 | 2,822 | 6,250 | 263 | -19 | 2,993 | 6,570 | 462 | |
| Soybean, Argentina | Dec | 892.5 | 393 | 3,179 | 2,887 | 6,270 | 230 | 4 | 2,993 | 6,570 | 368 |
| May, 2020 | 933.25 | 380 | 3,095 | 2,767 | 6,280 | 221 | -2 | 2,993 | 6,570 | 452 | |
| 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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