Today is 04/20/2024
| Imported Soybean Crushing Margins - 20/12/2019 | |||||||||||
| 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 | 924.5 | 411 | 4,260 | 2,728 | 6,632 | -845 | 0 | 2,819 | 6,800 | -741 |
| Jan, 2020 | 924.5 | 411 | 4,260 | 2,728 | 6,632 | -845 | -1 | 2,819 | 6,800 | -741 | |
| Feb, 2020 | 936.25 | 411 | 4,262 | 2,743 | 6,652 | -831 | 17 | 2,819 | 6,800 | -743 | |
| Soybean, US PNW |
Dec | 924.5 | 402 | 4,168 | 2,728 | 6,632 | -753 | 0 | 2,819 | 6,800 | -649 |
| Soybean, Brazil | Dec | 924.5 | 410 | 3,305 | 2,728 | 6,632 | 177 | -1 | 2,819 | 6,800 | 282 |
| Jan, 2020 | 924.5 | 408 | 3,290 | 2,728 | 6,632 | 192 | 16 | 2,819 | 6,800 | 297 | |
| Feb, 2020 | 936.25 | 400 | 3,228 | 2,743 | 6,652 | 269 | 15 | 2,819 | 6,800 | 359 | |
| Mar, 2020 | 936.25 | 396 | 3,199 | 2,743 | 6,652 | 298 | 15 | 2,819 | 6,800 | 388 | |
| Apr, 2020 | 950 | 398 | 3,223 | 2,743 | 6,652 | 274 | 14 | 2,819 | 6,800 | 364 | |
| May, 2020 | 950 | 400 | 3,243 | 2,743 | 6,652 | 254 | 14 | 2,819 | 6,800 | 344 | |
| Jun, 2020 | 962 | 403 | 3,268 | 2,812 | 6,552 | 264 | 11 | 2,819 | 6,800 | 319 | |
| Soybean, Argentina | Dec | 924.5 | 411 | 3,312 | 2,728 | 6,632 | 37 | -3 | 2,819 | 6,800 | 139 |
| May, 2020 | 962 | 391 | 3,169 | 2,743 | 6,652 | 195 | 12 | 2,819 | 6,800 | 282 | |
| 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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