Today is 11/17/2024
| Imported Soybean Crushing Margins - 9/12/2019 | |||||||||||
| 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 | 889.5 | 395 | 4,105 | 2,835 | 6,394 | -650 | 22 | 2,948 | 6,510 | -539 |
| Jan, 2020 | 889.5 | 395 | 4,109 | 2,835 | 6,394 | -654 | 22 | 2,948 | 6,510 | -543 | |
| Soybean, US PNW |
Dec | 889.5 | 392 | 4,080 | 2,835 | 6,394 | -625 | 22 | 2,948 | 6,510 | -514 |
| Soybean, Brazil | Dec | 889.5 | 406 | 3,284 | 2,835 | 6,394 | 234 | 32 | 2,948 | 6,510 | 347 |
| Jan, 2020 | 889.5 | 400 | 3,244 | 2,835 | 6,394 | 274 | 26 | 2,948 | 6,510 | 387 | |
| Feb, 2020 | 903.75 | 392 | 3,177 | 2,781 | 6,386 | 297 | 31 | 2,948 | 6,510 | 454 | |
| Mar, 2020 | 903.75 | 388 | 3,148 | 2,781 | 6,386 | 326 | 31 | 2,948 | 6,510 | 483 | |
| Apr, 2020 | 918.25 | 388 | 3,161 | 2,781 | 6,386 | 313 | 37 | 2,948 | 6,510 | 470 | |
| May, 2020 | 918.25 | 391 | 3,181 | 2,781 | 6,386 | 293 | 32 | 2,948 | 6,510 | 450 | |
| Jun, 2020 | 931.5 | 397 | 3,226 | 2,838 | 6,340 | 284 | 32 | 2,948 | 6,510 | 405 | |
| Soybean, Argentina | Dec | 889.5 | 392 | 3,172 | 2,835 | 6,394 | 219 | 24 | 2,948 | 6,510 | 329 |
| May, 2020 | 931.5 | 382 | 3,106 | 2,781 | 6,386 | 240 | 45 | 2,948 | 6,510 | 395 | |
| 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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