Today is 11/17/2024
| Imported Soybean Crushing Margins - 13/12/2019 | |||||||||||
| 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 | 898.25 | 400 | 4,117 | 2,756 | 6,512 | -702 | 19 | 2,903 | 6,600 | -570 |
| Jan, 2020 | 898.25 | 400 | 4,128 | 2,756 | 6,512 | -713 | 16 | 2,903 | 6,600 | -581 | |
| Feb, 2020 | 912.5 | 403 | 4,144 | 2,744 | 6,472 | -747 | 25 | 2,903 | 6,600 | -597 | |
| Soybean, US PNW |
Dec | 898.25 | 390 | 4,018 | 2,756 | 6,512 | -603 | 18 | 2,903 | 6,600 | -471 |
| Soybean, Brazil | Dec | 898.25 | 407 | 3,270 | 2,756 | 6,512 | 210 | 13 | 2,903 | 6,600 | 343 |
| Jan, 2020 | 898.25 | 404 | 3,243 | 2,756 | 6,512 | 237 | 29 | 2,903 | 6,600 | 370 | |
| Feb, 2020 | 912.5 | 396 | 3,182 | 2,744 | 6,472 | 280 | 5 | 2,903 | 6,600 | 431 | |
| Mar, 2020 | 912.5 | 392 | 3,162 | 2,744 | 6,472 | 300 | -1 | 2,903 | 6,600 | 451 | |
| Apr, 2020 | 926 | 393 | 3,167 | 2,744 | 6,472 | 295 | 8 | 2,903 | 6,600 | 446 | |
| May, 2020 | 926 | 394 | 3,175 | 2,744 | 6,472 | 287 | 14 | 2,903 | 6,600 | 438 | |
| Jun, 2020 | 938.75 | 397 | 3,203 | 2,811 | 6,378 | 293 | 7 | 2,903 | 6,600 | 410 | |
| Soybean, Argentina | Dec | 898.25 | 402 | 3,224 | 2,756 | 6,512 | 125 | 13 | 2,903 | 6,600 | 257 |
| May, 2020 | 938.75 | 385 | 3,109 | 2,744 | 6,472 | 224 | -5 | 2,903 | 6,600 | 372 | |
| 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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