Today is 04/25/2024
| Imported Soybean Crushing Margins - 3/2/2020 | |||||||||||
| 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 | Feb | 872.5 | 388 | 4,015 | 2,575 | 6,066 | -828 | -35 | 2,686 | 6,890 | -584 |
| Mar | 872.5 | 387 | 4,016 | 2,575 | 6,066 | -829 | -16 | 2,686 | 6,890 | -585 | |
| Soybean, US PNW |
Feb | 872.5 | 376 | 3,896 | 2,575 | 6,066 | -709 | 2,686 | 6,890 | -465 | |
| Soybean, Brazil | Feb | 872.5 | 376 | 3,037 | 2,575 | 6,066 | 210 | -80 | 2,686 | 6,890 | 463 |
| Mar | 872.5 | 374 | 3,024 | 2,575 | 6,066 | 223 | -82 | 2,686 | 6,890 | 476 | |
| Apr | 886.75 | 375 | 3,039 | 2,575 | 6,066 | 208 | -79 | 2,686 | 6,890 | 461 | |
| May | 886.75 | 378 | 3,057 | 2,667 | 6,046 | 259 | -57 | 2,686 | 6,890 | 443 | |
| Jun | 900.5 | 382 | 3,101 | 2,667 | 6,046 | 215 | -77 | 2,686 | 6,890 | 399 | |
| Soybean, Argentina | May | 900.5 | 368 | 2,978 | 2,667 | 6,046 | 217 | -44 | 2,686 | 6,890 | 384 |
| 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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