Today is 12/28/2024
| Imported Soybean Crushing Margins - 7/2/2020 | |||||||||||
| 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 | 881 | 388 | 4,001 | 2,634 | 6,186 | -745 | -8 | 2,723 | 6,640 | -588 |
| Mar | 881 | 389 | 4,022 | 2,634 | 6,186 | -766 | -18 | 2,723 | 6,640 | -609 | |
| Soybean, US PNW |
Feb | 881 | 379 | 3,914 | 2,634 | 6,186 | -658 | -21 | 2,723 | 6,640 | -501 |
| Soybean, Brazil | Feb | 881 | 382 | 3,077 | 2,634 | 6,186 | 241 | -29 | 2,723 | 6,640 | 402 |
| Mar | 881 | 380 | 3,064 | 2,634 | 6,186 | 254 | -29 | 2,723 | 6,640 | 415 | |
| Apr | 894.75 | 378 | 3,054 | 2,634 | 6,186 | 264 | -21 | 2,723 | 6,640 | 425 | |
| May | 894.75 | 381 | 3,077 | 2,723 | 6,224 | 319 | -22 | 2,723 | 6,640 | 402 | |
| Jun | 907.75 | 386 | 3,120 | 2,723 | 6,224 | 276 | -19 | 2,723 | 6,640 | 359 | |
| Soybean, Argentina | May | 907.75 | 377 | 3,048 | 2,723 | 6,224 | 223 | -48 | 2,723 | 6,640 | 298 |
| 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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