Today is 12/28/2024
| Imported Soybean Crushing Margins - 5/2/2020 | |||||||||||
| 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 | 879.5 | 389 | 4,029 | 2,640 | 6,142 | -776 | 25 | 2,705 | 6,460 | -665 |
| Mar | 879.5 | 388 | 4,029 | 2,640 | 6,142 | -776 | 25 | 2,705 | 6,460 | -665 | |
| Soybean, US PNW |
Feb | 879.5 | 378 | 3,913 | 2,640 | 6,142 | -660 | 23 | 2,705 | 6,460 | -549 |
| Soybean, Brazil | Feb | 879.5 | 379 | 3,056 | 2,640 | 6,142 | 258 | 18 | 2,705 | 6,460 | 373 |
| Mar | 879.5 | 376 | 3,043 | 2,640 | 6,142 | 271 | 18 | 2,705 | 6,460 | 386 | |
| Apr | 893 | 378 | 3,055 | 2,640 | 6,142 | 259 | 20 | 2,705 | 6,460 | 374 | |
| May | 893 | 378 | 3,068 | 2,736 | 6,132 | 320 | 22 | 2,705 | 6,460 | 361 | |
| Jun | 906.25 | 382 | 3,101 | 2,736 | 6,132 | 287 | 34 | 2,705 | 6,460 | 328 | |
| Soybean, Argentina | May | 906.25 | 370 | 3,000 | 2,736 | 6,132 | 265 | 10 | 2,705 | 6,460 | 300 |
| 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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