Today is 12/28/2024
| Imported Soybean Crushing Margins - 10/2/2020 | |||||||||||
| 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 | 882 | 388 | 3,943 | 2,655 | 6,224 | -663 | 9 | 2,745 | 6,630 | -515 |
| Mar | 882 | 389 | 3,960 | 2,655 | 6,224 | -680 | 12 | 2,745 | 6,630 | -532 | |
| Soybean,
US PNW |
Feb | 882 | 379 | 3,857 | 2,655 | 6,224 | -577 | 9 | 2,745 | 6,630 | -429 |
| Soybean, Brazil | Feb | 882 | 383 | 3,089 | 2,655 | 6,224 | 253 | 12 | 2,745 | 6,630 | 406 |
| Mar | 882 | 380 | 3,074 | 2,655 | 6,224 | 268 | 14 | 2,745 | 6,630 | 421 | |
| Apr | 895 | 380 | 3,073 | 2,655 | 6,224 | 269 | 5 | 2,745 | 6,630 | 422 | |
| May | 895 | 381 | 3,084 | 2,737 | 6,270 | 332 | 13 | 2,745 | 6,630 | 411 | |
| Jun | 908 | 387 | 3,132 | 2,737 | 6,270 | 284 | 8 | 2,745 | 6,630 | 363 | |
| Soybean, Argentina | May | 908 | 377 | 3,059 | 2,737 | 6,270 | 232 | 9 | 2,745 | 6,630 | 303 |
| 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, 2019. |
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