Today is 04/26/2024
| Imported Soybean Crushing Margins - 24/12/2019 | |||||||||||
| 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 | Jan, 2020 | 934 | 417 | 4,324 | 2,733 | 6,542 | -922 | -72 | 2,796 | 6,810 | -821 |
| Feb, 2020 | 942.25 | 414 | 4,295 | 2,733 | 6,542 | -893 | -43 | 2,796 | 6,810 | -792 | |
| Mar, 2020 | 942.25 | 414 | 4,303 | 2,733 | 6,542 | -901 | 2,796 | 6,810 | -800 | ||
| Soybean, US PNW |
Jan, 2020 | 934 | 402 | 4,175 | 2,733 | 6,542 | -773 | 2,796 | 6,810 | -672 | |
| Soybean, Brazil | Dec | 934 | 414 | 3,340 | 2,733 | 6,498 | 119 | -37 | 2,796 | 6,810 | 231 |
| Jan, 2020 | 934 | 413 | 3,335 | 2,733 | 6,542 | 132 | -38 | 2,796 | 6,810 | 236 | |
| Feb, 2020 | 942.25 | 404 | 3,268 | 2,733 | 6,542 | 199 | -53 | 2,796 | 6,810 | 303 | |
| Mar, 2020 | 942.25 | 401 | 3,244 | 2,733 | 6,542 | 223 | -67 | 2,796 | 6,810 | 327 | |
| Apr, 2020 | 955.5 | 401 | 3,257 | 2,733 | 6,542 | 210 | -49 | 2,796 | 6,810 | 314 | |
| May, 2020 | 955.5 | 403 | 3,271 | 2,733 | 6,542 | 196 | -43 | 2,796 | 6,810 | 300 | |
| Jun, 2020 | 967 | 407 | 3,301 | 2,823 | 6,456 | 220 | -35 | 2,796 | 6,810 | 270 | |
| Soybean, Argentina | Dec | 934 | 419 | 3,380 | 2,733 | 6,498 | -51 | -70 | 2,796 | 6,810 | 55 |
| May, 2020 | 967 | 393 | 3,188 | 2,733 | 6,542 | 149 | -34 | 2,796 | 6,810 | 247 | |
| 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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