Today is 04/26/2024
| Imported Soybean Crushing Margins - 7/1/2020 | |||||||||||
| 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 | 944.75 | 415 | 4,266 | 2,743 | 6,818 | -804 | -14 | 2,759 | 7,110 | -735 |
| Feb | 944.75 | 416 | 4,279 | 2,743 | 6,818 | -817 | -15 | 2,759 | 7,110 | -748 | |
| Mar | 944.75 | 417 | 4,298 | 2,743 | 6,818 | -836 | -14 | 2,759 | 7,110 | -767 | |
| Soybean, US PNW |
Jan | 944.75 | 404 | 4,161 | 2,743 | 6,818 | -699 | -14 | 2,759 | 7,110 | -630 |
| Soybean, Brazil | Jan | 944.75 | 409 | 3,278 | 2,743 | 6,818 | 253 | -13 | 2,759 | 7,110 | 324 |
| Feb | 944.75 | 406 | 3,255 | 2,743 | 6,818 | 276 | -11 | 2,759 | 7,110 | 347 | |
| Mar | 944.75 | 403 | 3,235 | 2,743 | 6,818 | 296 | -13 | 2,759 | 7,110 | 367 | |
| Apr | 958.25 | 403 | 3,242 | 2,743 | 6,818 | 289 | -14 | 2,759 | 7,110 | 360 | |
| May | 958.25 | 406 | 3,264 | 2,835 | 6,636 | 303 | -19 | 2,759 | 7,110 | 338 | |
| Jun | 970.5 | 408 | 3,285 | 2,835 | 6,636 | 282 | -18 | 2,759 | 7,110 | 317 | |
| Soybean, Argentina | Jan | 944.75 | 412 | 3,300 | 2,743 | 6,818 | 94 | -12 | 2,759 | 7,110 | 159 |
| May | 970.5 | 395 | 3,182 | 2,835 | 6,636 | 252 | -16 | 2,759 | 7,110 | 277 | |
| 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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