Today is 11/17/2024
| Imported Soybean Crushing Margins - 6/12/2019 | |||||||||||
| 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 | 884.25 | 393 | 4,091 | 2,819 | 6,272 | -672 | 23 | 2,928 | 6,480 | -547 |
| Jan, 2020 | 884.25 | 393 | 4,095 | 2,819 | 6,272 | -676 | 28 | 2,928 | 6,480 | -551 | |
| Soybean, US PNW |
Dec | 884.25 | 390 | 4,066 | 2,819 | 6,272 | -647 | -13 | 2,928 | 6,480 | -522 |
| Soybean, Brazil | Dec | 884.25 | 405 | 3,279 | 2,819 | 6,272 | 202 | 0 | 2,928 | 6,480 | 330 |
| Jan, 2020 | 884.25 | 398 | 3,233 | 2,819 | 6,272 | 248 | 0 | 2,928 | 6,480 | 376 | |
| Feb, 2020 | 898.75 | 390 | 3,167 | 2,756 | 6,278 | 266 | 23 | 2,928 | 6,480 | 442 | |
| Mar, 2020 | 898.75 | 386 | 3,138 | 2,756 | 6,278 | 295 | 8 | 2,928 | 6,480 | 471 | |
| Apr, 2020 | 913.5 | 387 | 3,157 | 2,756 | 6,278 | 276 | 8 | 2,928 | 6,480 | 452 | |
| May, 2020 | 913.5 | 389 | 3,172 | 2,756 | 6,278 | 261 | 5 | 2,928 | 6,480 | 437 | |
| Jun, 2020 | 926.75 | 394 | 3,210 | 2,806 | 6,228 | 252 | -12 | 2,928 | 6,480 | 399 | |
| Soybean, Argentina | Dec | 884.25 | 390 | 3,161 | 2,819 | 6,272 | 195 | -9 | 2,928 | 6,480 | 319 |
| May, 2020 | 926.75 | 382 | 3,112 | 2,756 | 6,278 | 195 | -3 | 2,928 | 6,480 | 368 | |
| 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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