Today is 04/24/2024
| Imported Soybean Crushing Margins - 9/1/2020 | |||||||||||
| 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 | 947.25 | 416 | 4,259 | 2,714 | 6,880 | -808 | -9 | 2,741 | 7,190 | -728 |
| Feb | 947.25 | 417 | 4,271 | 2,714 | 6,880 | -820 | -16 | 2,741 | 7,190 | -740 | |
| Mar | 947.25 | 418 | 4,287 | 2,714 | 6,880 | -836 | -16 | 2,741 | 7,190 | -756 | |
| Soybean, US PNW |
Jan | 947.25 | 405 | 4,154 | 2,714 | 6,880 | -703 | -10 | 2,741 | 7,190 | -623 |
| Soybean, Brazil | Jan | 947.25 | 410 | 3,273 | 2,714 | 6,880 | 247 | -10 | 2,741 | 7,190 | 330 |
| Feb | 947.25 | 407 | 3,252 | 2,714 | 6,880 | 268 | -12 | 2,741 | 7,190 | 351 | |
| Mar | 947.25 | 404 | 3,230 | 2,714 | 6,880 | 290 | -10 | 2,741 | 7,190 | 373 | |
| Apr | 960.25 | 403 | 3,234 | 2,714 | 6,880 | 286 | -6 | 2,741 | 7,190 | 369 | |
| May | 960.25 | 406 | 3,256 | 2,809 | 6,716 | 306 | -7 | 2,741 | 7,190 | 347 | |
| Jun | 972.25 | 409 | 3,276 | 2,809 | 6,716 | 286 | -6 | 2,741 | 7,190 | 327 | |
| Soybean, Argentina | Jan | 947.25 | 413 | 3,295 | 2,714 | 6,880 | 87 | -11 | 2,741 | 7,190 | 165 |
| May | 972.25 | 396 | 3,174 | 2,809 | 6,716 | 254 | -7 | 2,741 | 7,190 | 286 | |
| 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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