Today is 04/20/2024
| Imported Soybean Crushing Margins - 16/12/2019 | |||||||||||
| 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 | 907.5 | 402 | 4,155 | 2,778 | 6,492 | -727 | -25 | 2,855 | 6,700 | -627 |
| Jan, 2020 | 907.5 | 401 | 4,157 | 2,778 | 6,492 | -729 | -16 | 2,855 | 6,700 | -629 | |
| Feb, 2020 | 921.5 | 403 | 4,166 | 2,757 | 6,434 | -766 | -19 | 2,855 | 6,700 | -638 | |
| Soybean, US PNW |
Dec | 907.5 | 392 | 4,052 | 2,778 | 6,492 | -624 | -21 | 2,855 | 6,700 | -524 |
| Soybean, Brazil | Dec | 907.5 | 409 | 3,296 | 2,778 | 6,492 | 197 | -13 | 2,855 | 6,700 | 299 |
| Jan, 2020 | 907.5 | 405 | 3,270 | 2,778 | 6,492 | 223 | -14 | 2,855 | 6,700 | 325 | |
| Feb, 2020 | 921.5 | 396 | 3,199 | 2,757 | 6,434 | 266 | -14 | 2,855 | 6,700 | 396 | |
| Mar, 2020 | 921.5 | 390 | 3,161 | 2,757 | 6,434 | 304 | 4 | 2,855 | 6,700 | 434 | |
| Apr, 2020 | 935.25 | 392 | 3,175 | 2,757 | 6,434 | 290 | -5 | 2,855 | 6,700 | 420 | |
| May, 2020 | 935.25 | 395 | 3,195 | 2,757 | 6,434 | 270 | -17 | 2,855 | 6,700 | 400 | |
| Jun, 2020 | 947.5 | 399 | 3,231 | 2,825 | 6,346 | 270 | -23 | 2,855 | 6,700 | 364 | |
| Soybean, Argentina | Dec | 907.5 | 404 | 3,251 | 2,778 | 6,492 | 112 | -13 | 2,855 | 6,700 | 210 |
| May, 2020 | 947.5 | 387 | 3,133 | 2,757 | 6,434 | 203 | -21 | 2,855 | 6,700 | 328 | |
| 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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