Today is 04/27/2024
| Imported Soybean Crushing Margins - 2/1/2020 | |||||||||||
| 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 | 955.5 | 420 | 4,321 | 2,771 | 6,770 | -846 | -13 | 2,778 | 7,030 | -791 |
| Feb, 2020 | 955.5 | 418 | 4,314 | 2,771 | 6,770 | -839 | -18 | 2,778 | 7,030 | -784 | |
| Mar, 2020 | 955.5 | 419 | 4,324 | 2,771 | 6,770 | -849 | -16 | 2,778 | 7,030 | -794 | |
| Soybean, US PNW |
Jan, 2020 | 955.5 | 410 | 4,221 | 2,771 | 6,770 | -746 | -13 | 2,778 | 7,030 | -691 |
| Soybean, Brazil | Jan, 2020 | 955.5 | 413 | 3,307 | 2,771 | 6,770 | 236 | -13 | 2,778 | 7,030 | 294 |
| Feb, 2020 | 955.5 | 407 | 3,269 | 2,771 | 6,770 | 274 | -16 | 2,778 | 7,030 | 332 | |
| Mar, 2020 | 955.5 | 404 | 3,250 | 2,771 | 6,770 | 293 | -15 | 2,778 | 7,030 | 351 | |
| Apr, 2020 | 968.75 | 405 | 3,257 | 2,771 | 6,770 | 286 | -13 | 2,778 | 7,030 | 344 | |
| May, 2020 | 968.75 | 406 | 3,269 | 2,869 | 6,650 | 328 | 1 | 2,778 | 7,030 | 332 | |
| Jun, 2020 | 979.75 | 410 | 3,297 | 2,869 | 6,650 | 300 | 2 | 2,778 | 7,030 | 304 | |
| Soybean, Argentina | Jan, 2020 | 955.5 | 419 | 3,360 | 2,771 | 6,770 | 48 | -12 | 2,778 | 7,030 | 100 |
| May, 2020 | 979.75 | 397 | 3,202 | 2,869 | 6,650 | 262 | 1 | 2,778 | 7,030 | 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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