Today is 04/27/2024
| Imported Soybean Crushing Margins - 27/12/2019 | |||||||||||
| 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 | 946.5 | 416 | 4,296 | 2,741 | 6,736 | -851 | 64 | 2,759 | 6,840 | -817 |
| Feb, 2020 | 946.5 | 415 | 4,297 | 2,741 | 6,736 | -852 | 34 | 2,759 | 6,840 | -818 | |
| Mar, 2020 | 946.5 | 416 | 4,309 | 2,741 | 6,736 | -864 | 31 | 2,759 | 6,840 | -830 | |
| Soybean, US PNW |
Jan, 2020 | 946.5 | 408 | 4,215 | 2,741 | 6,736 | -770 | -4 | 2,759 | 6,840 | -736 |
| Soybean, Brazil | Jan, 2020 | 937.75 | 414 | 3,334 | 2,741 | 6,736 | 179 | 39 | 2,759 | 6,840 | 214 |
| Feb, 2020 | 946.5 | 405 | 3,265 | 2,741 | 6,736 | 248 | 42 | 2,759 | 6,840 | 283 | |
| Mar, 2020 | 946.5 | 402 | 3,243 | 2,741 | 6,736 | 270 | 40 | 2,759 | 6,840 | 305 | |
| Apr, 2020 | 959.5 | 403 | 3,257 | 2,741 | 6,736 | 256 | 37 | 2,759 | 6,840 | 291 | |
| May, 2020 | 959.5 | 404 | 3,269 | 2,819 | 6,624 | 283 | 78 | 2,759 | 6,840 | 279 | |
| Jun, 2020 | 970.25 | 408 | 3,302 | 2,819 | 6,624 | 250 | 36 | 2,759 | 6,840 | 246 | |
| Soybean, Argentina | May, 2020 | 970.25 | 397 | 3,215 | 2,819 | 6,624 | 204 | 47 | 2,759 | 6,840 | 196 |
| 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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