Today is 11/17/2024
| Imported Soybean Crushing Margins - 17/12/2019 | |||||||||||
| 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 | 922 | 407 | 4,211 | 2,766 | 6,620 | -768 | -41 | 2,846 | 6,700 | -690 |
| Jan, 2020 | 922 | 407 | 4,212 | 2,766 | 6,620 | -769 | -40 | 2,846 | 6,700 | -691 | |
| Feb, 2020 | 936 | 408 | 4,223 | 2,755 | 6,588 | -795 | -29 | 2,846 | 6,700 | -702 | |
| Soybean, US PNW |
Dec | 922 | 397 | 4,108 | 2,766 | 6,620 | -665 | -41 | 2,846 | 6,700 | -587 |
| Soybean, Brazil | Dec | 922 | 414 | 3,338 | 2,766 | 6,620 | 171 | -26 | 2,846 | 6,700 | 250 |
| Jan, 2020 | 922 | 410 | 3,311 | 2,766 | 6,620 | 198 | -25 | 2,846 | 6,700 | 277 | |
| Feb, 2020 | 936 | 402 | 3,241 | 2,755 | 6,588 | 253 | -13 | 2,846 | 6,700 | 347 | |
| Mar, 2020 | 936 | 397 | 3,215 | 2,755 | 6,588 | 279 | -25 | 2,846 | 6,700 | 373 | |
| Apr, 2020 | 950 | 400 | 3,241 | 2,755 | 6,588 | 253 | -37 | 2,846 | 6,700 | 347 | |
| May, 2020 | 950 | 401 | 3,247 | 2,755 | 6,588 | 247 | -23 | 2,846 | 6,700 | 341 | |
| Jun, 2020 | 962 | 404 | 3,273 | 2,821 | 6,490 | 254 | -16 | 2,846 | 6,700 | 315 | |
| Soybean, Argentina | Dec | 922 | 409 | 3,295 | 2,766 | 6,620 | 82 | -30 | 2,846 | 6,700 | 159 |
| May, 2020 | 962 | 392 | 3,175 | 2,755 | 6,588 | 187 | -16 | 2,846 | 6,700 | 279 | |
| 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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