Today is 04/19/2024
| Imported Soybean Crushing Margins - 6/2/2020 | |||||||||||
| 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 | 880 | 387 | 3,991 | 2,621 | 6,230 | -737 | 39 | 2,718 | 6,560 | -597 |
| Mar | 880 | 387 | 4,002 | 2,621 | 6,230 | -748 | 28 | 2,718 | 6,560 | -608 | |
| Soybean, US PNW |
Feb | 880 | 377 | 3,891 | 2,621 | 6,230 | -637 | 23 | 2,718 | 6,560 | -497 |
| Soybean, Brazil | Feb | 880 | 379 | 3,047 | 2,621 | 6,230 | 270 | 12 | 2,718 | 6,560 | 412 |
| Mar | 880 | 377 | 3,034 | 2,621 | 6,230 | 283 | 12 | 2,718 | 6,560 | 425 | |
| Apr | 893.5 | 376 | 3,032 | 2,621 | 6,230 | 285 | 26 | 2,718 | 6,560 | 427 | |
| May | 893.5 | 377 | 3,048 | 2,715 | 6,220 | 341 | 21 | 2,718 | 6,560 | 411 | |
| Jun | 907.25 | 383 | 3,094 | 2,715 | 6,220 | 295 | 8 | 2,718 | 6,560 | 365 | |
| Soybean, Argentina | May | 907.25 | 370 | 2,993 | 2,715 | 6,220 | 271 | 6 | 2,718 | 6,560 | 335 |
| 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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