Today is 11/17/2024
| Imported Soybean Crushing Margins - 27/11/2019 | |||||||||||
| 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 | 884.25 | 396 | 4,117 | 2,862 | 6,224 | -673 | 16 | 2,998 | 6,450 | -523 |
| Jan, 2020 | 884.25 | 396 | 4,121 | 2,862 | 6,224 | -677 | 17 | 2,998 | 6,450 | -527 | |
| Soybean, US PNW |
Dec | 884.25 | 390 | 4,057 | 2,862 | 6,224 | -613 | 5 | 2,998 | 6,450 | -463 |
| Soybean, Brazil | Dec | 884.25 | 401 | 3,244 | 2,862 | 6,224 | 262 | -4 | 2,998 | 6,450 | 414 |
| Jan, 2020 | 884.25 | 399 | 3,232 | 2,862 | 6,224 | 274 | -3 | 2,998 | 6,450 | 426 | |
| Feb, 2020 | 898.75 | 390 | 3,161 | 2,748 | 6,238 | 258 | 3 | 2,998 | 6,450 | 497 | |
| Mar, 2020 | 898.75 | 384 | 3,117 | 2,748 | 6,238 | 302 | 9 | 2,998 | 6,450 | 541 | |
| Apr, 2020 | 913.25 | 386 | 3,137 | 2,748 | 6,238 | 282 | 2 | 2,998 | 6,450 | 521 | |
| May, 2020 | 913.25 | 387 | 3,149 | 2,748 | 6,238 | 270 | 2 | 2,998 | 6,450 | 509 | |
| Jun, 2020 | 926 | 393 | 3,192 | 2,799 | 6,190 | 257 | -6 | 2,998 | 6,450 | 466 | |
| Soybean, Argentina | Dec | 884.25 | 390 | 3,154 | 2,862 | 6,224 | 227 | -3 | 2,998 | 6,450 | 375 |
| May, 2020 | 926 | 378 | 3,072 | 2,748 | 6,238 | 222 | 1 | 2,998 | 6,450 | 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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