Today is 11/17/2024
| Imported Soybean Crushing Margins - 5/12/2019 | |||||||||||
| 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 | 878 | 394 | 4,110 | 2,812 | 6,280 | -695 | -34 | 2,943 | 6,450 | -560 |
| Jan, 2020 | 878 | 394 | 4,119 | 2,812 | 6,280 | -704 | -34 | 2,943 | 6,450 | -569 | |
| Soybean, US PNW |
Dec | 878 | 388 | 4,049 | 2,812 | 6,280 | -634 | -34 | 2,943 | 6,450 | -499 |
| Soybean, Brazil | Dec | 878 | 404 | 3,275 | 2,812 | 6,280 | 202 | -30 | 2,943 | 6,450 | 340 |
| Jan, 2020 | 878 | 397 | 3,229 | 2,812 | 6,280 | 248 | -31 | 2,943 | 6,450 | 386 | |
| Feb, 2020 | 892.5 | 390 | 3,178 | 2,739 | 6,286 | 243 | -13 | 2,943 | 6,450 | 437 | |
| Mar, 2020 | 892.5 | 385 | 3,134 | 2,739 | 6,286 | 287 | -22 | 2,943 | 6,450 | 481 | |
| Apr, 2020 | 907 | 386 | 3,153 | 2,739 | 6,286 | 268 | -17 | 2,943 | 6,450 | 462 | |
| May, 2020 | 907 | 388 | 3,165 | 2,739 | 6,286 | 256 | -12 | 2,943 | 6,450 | 450 | |
| Jun, 2020 | 920 | 390 | 3,185 | 2,788 | 6,232 | 264 | -9 | 2,943 | 6,450 | 430 | |
| Soybean, Argentina | Dec | 878 | 387 | 3,148 | 2,812 | 6,280 | 204 | -31 | 2,943 | 6,450 | 338 |
| May, 2020 | 920 | 379 | 3,097 | 2,739 | 6,286 | 198 | -10 | 2,943 | 6,450 | 389 | |
| 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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