Today is 05/07/2025
| Imported Soybean Crushing Margins - 14/1/2020 | |||||||||||
| 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 | 942.25 | 414 | 4,209 | 2,663 | 6,792 | -815 | 12 | 2,666 | 7,240 | -727 |
| Feb | 942.25 | 415 | 4,221 | 2,663 | 6,792 | -827 | 12 | 2,666 | 7,240 | -739 | |
| Mar | 942.25 | 416 | 4,240 | 2,663 | 6,792 | -846 | 12 | 2,666 | 7,240 | -758 | |
| Soybean, US PNW |
Jan | 942.25 | 403 | 4,105 | 2,663 | 6,792 | -711 | 11 | 2,666 | 7,240 | -623 |
| Soybean, Brazil | Jan | 942.25 | 408 | 3,234 | 2,663 | 6,792 | 228 | 5 | 2,666 | 7,240 | 320 |
| Feb | 942.25 | 405 | 3,211 | 2,663 | 6,792 | 251 | 10 | 2,666 | 7,240 | 343 | |
| Mar | 942.25 | 402 | 3,191 | 2,663 | 6,792 | 271 | 7 | 2,666 | 7,240 | 363 | |
| Apr | 955.5 | 403 | 3,205 | 2,663 | 6,792 | 257 | 4 | 2,666 | 7,240 | 349 | |
| May | 955.5 | 406 | 3,230 | 2,758 | 6,670 | 283 | 6 | 2,666 | 7,240 | 324 | |
| Jun | 967.25 | 410 | 3,263 | 2,758 | 6,670 | 250 | 8 | 2,666 | 7,240 | 291 | |
| Soybean, Argentina | Jan | 942.25 | 413 | 3,270 | 2,663 | 6,792 | 56 | 6 | 2,666 | 7,240 | 139 |
| May | 967.25 | 393 | 3,130 | 2,758 | 6,670 | 249 | 8 | 2,666 | 7,240 | 279 | |
| 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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