Today is 04/19/2024
| Imported Soybean Crushing Margins - 3/12/2019 | |||||||||||
| 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 | 870.5 | 389 | 4,057 | 2,822 | 6,182 | -653 | 9 | 2,935 | 6,430 | -517 |
| Jan, 2020 | 870.5 | 389 | 4,061 | 2,822 | 6,182 | -657 | 9 | 2,935 | 6,430 | -521 | |
| Soybean, US PNW |
Dec | 870.5 | 382 | 3,985 | 2,822 | 6,182 | -581 | 20 | 2,935 | 6,430 | -445 |
| Soybean, Brazil | Dec | 870.5 | 400 | 3,246 | 2,822 | 6,182 | 220 | 3 | 2,935 | 6,430 | 359 |
| Jan, 2020 | 870.5 | 397 | 3,222 | 2,822 | 6,182 | 244 | 19 | 2,935 | 6,430 | 383 | |
| Feb, 2020 | 885.25 | 385 | 3,134 | 2,739 | 6,176 | 265 | -15 | 2,935 | 6,430 | 471 | |
| Mar, 2020 | 885.25 | 381 | 3,102 | 2,739 | 6,176 | 297 | -9 | 2,935 | 6,430 | 503 | |
| Apr, 2020 | 900.25 | 383 | 3,119 | 2,739 | 6,176 | 280 | -6 | 2,935 | 6,430 | 486 | |
| May, 2020 | 900.25 | 384 | 3,128 | 2,739 | 6,176 | 271 | 0 | 2,935 | 6,430 | 477 | |
| Jun, 2020 | 913.5 | 388 | 3,161 | 2,793 | 6,122 | 270 | 1 | 2,935 | 6,430 | 444 | |
| Soybean, Argentina | Dec | 870.5 | 384 | 3,116 | 2,822 | 6,182 | 226 | 6 | 2,935 | 6,430 | 360 |
| May, 2020 | 913.5 | 374 | 3,053 | 2,739 | 6,176 | 222 | -3 | 2,935 | 6,430 | 423 | |
| 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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