Today is 04/25/2024
| Imported Soybean Crushing Margins - 13/1/2020 | |||||||||||
| 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 | 946 | 415 | 4,242 | 2,667 | 6,882 | -827 | -6 | 2,695 | 7,270 | -732 |
| Feb | 946 | 416 | 4,254 | 2,667 | 6,882 | -839 | -6 | 2,695 | 7,270 | -744 | |
| Mar | 946 | 418 | 4,273 | 2,667 | 6,882 | -858 | -6 | 2,695 | 7,270 | -763 | |
| Soybean, US PNW |
Jan | 946 | 405 | 4,137 | 2,667 | 6,882 | -722 | -6 | 2,695 | 7,270 | -627 |
| Soybean, Brazil | Jan | 946 | 410 | 3,260 | 2,667 | 6,882 | 223 | -8 | 2,695 | 7,270 | 323 |
| Feb | 946 | 407 | 3,242 | 2,667 | 6,882 | 241 | -8 | 2,695 | 7,270 | 341 | |
| Mar | 946 | 404 | 3,219 | 2,667 | 6,882 | 264 | -8 | 2,695 | 7,270 | 364 | |
| Apr | 959 | 404 | 3,230 | 2,667 | 6,882 | 253 | -8 | 2,695 | 7,270 | 353 | |
| May | 959 | 407 | 3,254 | 2,761 | 6,750 | 277 | -6 | 2,695 | 7,270 | 329 | |
| Jun | 971 | 412 | 3,289 | 2,761 | 6,750 | 242 | -8 | 2,695 | 7,270 | 294 | |
| Soybean, Argentina | Jan | 946 | 414 | 3,296 | 2,667 | 6,882 | 50 | -8 | 2,695 | 7,270 | 142 |
| May | 971 | 395 | 3,155 | 2,761 | 6,750 | 241 | -3 | 2,695 | 7,270 | 283 | |
| 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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