Today is 11/17/2024
| Imported Soybean Crushing Margins - 4/12/2019 | |||||||||||
| 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 | 871 | 392 | 4,094 | 2,838 | 6,270 | -661 | -8 | 2,930 | 6,420 | -560 |
| Jan, 2020 | 871 | 392 | 4,103 | 2,838 | 6,270 | -670 | -13 | 2,930 | 6,420 | -569 | |
| Soybean, US PNW |
Dec | 871 | 386 | 4,033 | 2,838 | 6,270 | -600 | -19 | 2,930 | 6,420 | -499 |
| Soybean, Brazil | Dec | 871 | 401 | 3,264 | 2,838 | 6,270 | 232 | 12 | 2,930 | 6,420 | 335 |
| Jan, 2020 | 871 | 395 | 3,217 | 2,838 | 6,270 | 279 | 35 | 2,930 | 6,420 | 382 | |
| Feb, 2020 | 885.5 | 388 | 3,166 | 2,744 | 6,270 | 256 | -9 | 2,930 | 6,420 | 433 | |
| Mar, 2020 | 885.5 | 381 | 3,113 | 2,744 | 6,270 | 309 | 12 | 2,930 | 6,420 | 486 | |
| Apr, 2020 | 900.75 | 383 | 3,137 | 2,744 | 6,270 | 285 | 5 | 2,930 | 6,420 | 462 | |
| May, 2020 | 900.75 | 385 | 3,154 | 2,744 | 6,270 | 268 | -3 | 2,930 | 6,420 | 445 | |
| Jun, 2020 | 914 | 388 | 3,175 | 2,792 | 6,214 | 273 | 3 | 2,930 | 6,420 | 424 | |
| Soybean, Argentina | Dec | 871 | 385 | 3,136 | 2,838 | 6,270 | 235 | 9 | 2,930 | 6,420 | 334 |
| May, 2020 | 914 | 377 | 3,088 | 2,744 | 6,270 | 208 | -14 | 2,930 | 6,420 | 382 | |
| 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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