Today is 11/17/2024
| Imported Soybean Crushing Margins - 2/12/2019 | |||||||||||
| 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 | 876.75 | 392 | 4,072 | 2,820 | 6,222 | -662 | -26 | 2,956 | 6,480 | -506 |
| Jan, 2020 | 876.75 | 392 | 4,076 | 2,820 | 6,222 | -666 | -27 | 2,956 | 6,480 | -510 | |
| Soybean, US PNW |
Dec | 876.75 | 386 | 4,011 | 2,820 | 6,222 | -601 | -18 | 2,956 | 6,480 | -445 |
| Soybean, Brazil | Dec | 876.75 | 402 | 3,255 | 2,820 | 6,222 | 217 | -24 | 2,956 | 6,480 | 376 |
| Jan, 2020 | 876.75 | 401 | 3,247 | 2,820 | 6,222 | 225 | -24 | 2,956 | 6,480 | 384 | |
| Feb, 2020 | 891.25 | 386 | 3,129 | 2,742 | 6,214 | 280 | 8 | 2,956 | 6,480 | 502 | |
| Mar, 2020 | 891.25 | 382 | 3,103 | 2,742 | 6,214 | 306 | -1 | 2,956 | 6,480 | 528 | |
| Apr, 2020 | 905.75 | 384 | 3,123 | 2,742 | 6,214 | 286 | -2 | 2,956 | 6,480 | 508 | |
| May, 2020 | 905.75 | 386 | 3,138 | 2,742 | 6,214 | 271 | -2 | 2,956 | 6,480 | 493 | |
| Jun, 2020 | 918.25 | 390 | 3,169 | 2,794 | 6,152 | 269 | -7 | 2,956 | 6,480 | 462 | |
| Soybean, Argentina | Dec | 876.75 | 386 | 3,128 | 2,820 | 6,222 | 220 | -18 | 2,956 | 6,480 | 374 |
| May, 2020 | 918.25 | 376 | 3,060 | 2,742 | 6,214 | 225 | -2 | 2,956 | 6,480 | 442 | |
| 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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