Today is 04/19/2024
| Imported Soybean Crushing Margins - 30/12/2019 | |||||||||||
| 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 | 941.5 | 414 | 4,275 | 2,740 | 6,746 | -829 | 22 | 2,758 | 6,980 | -770 |
| Feb, 2020 | 941.5 | 413 | 4,275 | 2,740 | 6,746 | -829 | 23 | 2,758 | 6,980 | -770 | |
| Mar, 2020 | 941.5 | 414 | 4,287 | 2,740 | 6,746 | -841 | 23 | 2,758 | 6,980 | -782 | |
| Soybean, US PNW |
Jan, 2020 | 941.5 | 406 | 4,193 | 2,740 | 6,746 | -747 | 23 | 2,758 | 6,980 | -688 |
| Soybean, Brazil | Jan, 2020 | 929.5 | 409 | 3,294 | 2,740 | 6,746 | 220 | 41 | 2,758 | 6,980 | 281 |
| Feb, 2020 | 941.5 | 402 | 3,236 | 2,740 | 6,746 | 278 | 30 | 2,758 | 6,980 | 339 | |
| Mar, 2020 | 941.5 | 398 | 3,212 | 2,740 | 6,746 | 302 | 32 | 2,758 | 6,980 | 363 | |
| Apr, 2020 | 955.25 | 400 | 3,234 | 2,740 | 6,746 | 280 | 24 | 2,758 | 6,980 | 341 | |
| May, 2020 | 955.25 | 401 | 3,246 | 2,822 | 6,634 | 310 | 27 | 2,758 | 6,980 | 329 | |
| Jun, 2020 | 966.75 | 405 | 3,276 | 2,822 | 6,634 | 280 | 30 | 2,758 | 6,980 | 299 | |
| Soybean, Argentina | May, 2020 | 966.75 | 393 | 3,177 | 2,822 | 6,634 | 247 | 43 | 2,758 | 6,980 | 258 |
| 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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