Today is 05/07/2025
| Imported Soybean Crushing Margins - 8/1/2020 | |||||||||||
| 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 | 415 | 4,262 | 2,726 | 6,894 | -799 | 5 | 2,759 | 7,160 | -722 |
| Feb | 944 | 415 | 4,267 | 2,726 | 6,894 | -804 | 13 | 2,759 | 7,160 | -727 | |
| Mar | 944 | 416 | 4,283 | 2,726 | 6,894 | -820 | 16 | 2,759 | 7,160 | -743 | |
| Soybean, US PNW |
Jan | 944 | 404 | 4,156 | 2,726 | 6,894 | -693 | 6 | 2,759 | 7,160 | -616 |
| Soybean, Brazil | Jan | 944 | 409 | 3,275 | 2,726 | 6,894 | 257 | 4 | 2,759 | 7,160 | 337 |
| Feb | 944 | 406 | 3,252 | 2,726 | 6,894 | 280 | 4 | 2,759 | 7,160 | 360 | |
| Mar | 944 | 403 | 3,232 | 2,726 | 6,894 | 300 | 4 | 2,759 | 7,160 | 380 | |
| Apr | 957.25 | 402 | 3,240 | 2,726 | 6,894 | 292 | 3 | 2,759 | 7,160 | 372 | |
| May | 957.25 | 405 | 3,262 | 2,824 | 6,720 | 313 | 10 | 2,759 | 7,160 | 350 | |
| Jun | 969.5 | 408 | 3,283 | 2,824 | 6,720 | 292 | 10 | 2,759 | 7,160 | 329 | |
| Soybean, Argentina | Jan | 944 | 412 | 3,296 | 2,726 | 6,894 | 98 | 4 | 2,759 | 7,160 | 172 |
| May | 969.5 | 395 | 3,180 | 2,824 | 6,720 | 261 | 9 | 2,759 | 7,160 | 288 | |
| 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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