Today is 11/02/2025
| Imported Soybean Crushing Margins - 28/11/2019 | |||||||||||
| 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 | 882 | 393 | 4,083 | 2,864 | 6,236 | -636 | 37 | 2,983 | 6,440 | -503 |
| Jan, 2020 | 882 | 393 | 4,086 | 2,864 | 6,236 | -639 | 38 | 2,983 | 6,440 | -506 | |
| Soybean, US PNW |
Dec | 882 | 388 | 4,030 | 2,864 | 6,236 | -583 | 30 | 2,983 | 6,440 | -450 |
| Soybean, Brazil | Dec | 882 | 404 | 3,269 | 2,864 | 6,236 | 241 | -21 | 2,983 | 6,440 | 376 |
| Jan, 2020 | 882 | 403 | 3,261 | 2,864 | 6,236 | 249 | -25 | 2,983 | 6,440 | 384 | |
| Feb, 2020 | 896.5 | 389 | 3,152 | 2,755 | 6,240 | 272 | 14 | 2,983 | 6,440 | 493 | |
| Mar, 2020 | 896.5 | 384 | 3,117 | 2,755 | 6,240 | 307 | 5 | 2,983 | 6,440 | 528 | |
| Apr, 2020 | 910.75 | 386 | 3,136 | 2,755 | 6,240 | 288 | 6 | 2,983 | 6,440 | 509 | |
| May, 2020 | 910.75 | 388 | 3,151 | 2,755 | 6,240 | 273 | 3 | 2,983 | 6,440 | 494 | |
| Jun, 2020 | 923.25 | 391 | 3,181 | 2,808 | 6,194 | 276 | 19 | 2,983 | 6,440 | 464 | |
| Soybean, Argentina | Dec | 882 | 389 | 3,147 | 2,864 | 6,236 | 238 | 11 | 2,983 | 6,440 | 369 |
| May, 2020 | 923.25 | 378 | 3,073 | 2,755 | 6,240 | 227 | 5 | 2,983 | 6,440 | 443 | |
| 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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