Today is 05/07/2025
| Imported Soybean Crushing Margins - 6/1/2020 | |||||||||||
| 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 | 941.5 | 414 | 4,262 | 2,738 | 6,890 | -790 | 34 | 2,786 | 7,090 | -714 |
| Feb | 941.5 | 414 | 4,274 | 2,738 | 6,890 | -802 | 7 | 2,786 | 7,090 | -726 | |
| Mar | 941.5 | 416 | 4,294 | 2,738 | 6,890 | -822 | 0 | 2,786 | 7,090 | -746 | |
| Soybean, US PNW |
Jan | 941.5 | 403 | 4,157 | 2,738 | 6,890 | -685 | 39 | 2,786 | 7,090 | -609 |
| Soybean, Brazil | Jan | 941.5 | 408 | 3,275 | 2,738 | 6,890 | 266 | 7 | 2,786 | 7,090 | 344 |
| Feb | 941.5 | 405 | 3,254 | 2,738 | 6,890 | 287 | -15 | 2,786 | 7,090 | 365 | |
| Mar | 941.5 | 402 | 3,232 | 2,738 | 6,890 | 309 | -17 | 2,786 | 7,090 | 387 | |
| Apr | 955.25 | 402 | 3,238 | 2,738 | 6,890 | 303 | -11 | 2,786 | 7,090 | 381 | |
| May | 955.25 | 404 | 3,260 | 2,828 | 6,738 | 322 | -20 | 2,786 | 7,090 | 359 | |
| Jun | 967.75 | 407 | 3,282 | 2,828 | 6,738 | 300 | -13 | 2,786 | 7,090 | 337 | |
| Soybean, Argentina | Jan | 941.5 | 411 | 3,297 | 2,738 | 6,890 | 106 | 4 | 2,786 | 7,090 | 180 |
| May | 967.75 | 394 | 3,179 | 2,828 | 6,738 | 268 | -6 | 2,786 | 7,090 | 298 | |
| 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. |
|||||||||||