Today is 05/08/2024
| Imported Soybean Crushing Margins - 17/1/2020 | |||||||||||
| 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 | 924 | 407 | 4,145 | 2,682 | 6,600 | -772 | 15 | 2,686 | 7,010 | -691 |
| Feb | 924 | 408 | 4,157 | 2,682 | 6,600 | -784 | 15 | 2,686 | 7,010 | -703 | |
| Mar | 924 | 410 | 4,176 | 2,682 | 6,600 | -803 | 15 | 2,686 | 7,010 | -722 | |
| Soybean, US PNW |
Jan | 924 | 397 | 4,041 | 2,682 | 6,600 | -668 | 14 | 2,686 | 7,010 | -587 |
| Soybean, Brazil | Jan | 924 | 402 | 3,186 | 2,682 | 6,600 | 253 | 11 | 2,686 | 7,010 | 338 |
| Feb | 924 | 396 | 3,143 | 2,682 | 6,600 | 296 | 11 | 2,686 | 7,010 | 381 | |
| Mar | 924 | 394 | 3,128 | 2,682 | 6,600 | 311 | 11 | 2,686 | 7,010 | 396 | |
| Apr | 937.25 | 395 | 3,146 | 2,682 | 6,600 | 293 | 11 | 2,686 | 7,010 | 378 | |
| May | 937.25 | 397 | 3,166 | 2,770 | 6,502 | 323 | 11 | 2,686 | 7,010 | 358 | |
| Jun | 950 | 401 | 3,191 | 2,770 | 6,502 | 298 | 9 | 2,686 | 7,010 | 333 | |
| Soybean, Argentina | Jan | 924 | 406 | 3,221 | 2,682 | 6,600 | 86 | 11 | 2,686 | 7,010 | 163 |
| May | 950 | 388 | 3,090 | 2,770 | 6,502 | 269 | 10 | 2,686 | 7,010 | 294 | |
| 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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