Today is 04/26/2024
| Imported Soybean Crushing Margins - 15/1/2020 | |||||||||||
| 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 | 416 | 4,243 | 2,671 | 6,756 | -849 | -34 | 2,662 | 7,140 | -783 |
| Feb | 942.25 | 417 | 4,259 | 2,671 | 6,756 | -865 | -38 | 2,662 | 7,140 | -799 | |
| Mar | 942.25 | 418 | 4,267 | 2,671 | 6,756 | -873 | -27 | 2,662 | 7,140 | -807 | |
| Soybean, US PNW |
Jan | 942.25 | 406 | 4,142 | 2,671 | 6,756 | -748 | -37 | 2,662 | 7,140 | -682 |
| Soybean, Brazil | Jan | 942.25 | 408 | 3,244 | 2,671 | 6,756 | 217 | -11 | 2,662 | 7,140 | 287 |
| Feb | 942.25 | 405 | 3,220 | 2,671 | 6,756 | 241 | -10 | 2,662 | 7,140 | 311 | |
| Mar | 942.25 | 401 | 3,195 | 2,671 | 6,756 | 266 | -5 | 2,662 | 7,140 | 336 | |
| Apr | 955.5 | 403 | 3,214 | 2,671 | 6,756 | 247 | -10 | 2,662 | 7,140 | 317 | |
| May | 955.5 | 406 | 3,239 | 2,761 | 6,634 | 269 | -14 | 2,662 | 7,140 | 292 | |
| Jun | 967.25 | 409 | 3,259 | 2,761 | 6,634 | 249 | -1 | 2,662 | 7,140 | 272 | |
| Soybean, Argentina | Jan | 942.25 | 414 | 3,288 | 2,671 | 6,756 | 38 | -18 | 2,662 | 7,140 | 100 |
| May | 967.25 | 398 | 3,174 | 2,761 | 6,634 | 201 | -48 | 2,662 | 7,140 | 214 | |
| 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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