Today is 05/09/2024
| Imported Soybean Crushing Margins - 11/2/2020 | |||||||||||
| 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 | 884.25 | 389 | 3,941 | 2,657 | 6,152 | -673 | -10 | 2,788 | 6,570 | -490 |
| Mar | 884.25 | 386 | 3,915 | 2,657 | 6,152 | -647 | 33 | 2,788 | 6,570 | -464 | |
| Soybean,
US PNW |
Feb | 884.25 | 378 | 3,836 | 2,657 | 6,152 | -568 | 9 | 2,788 | 6,570 | -385 |
| Soybean, Brazil | Feb | 884.25 | 383 | 3,084 | 2,657 | 6,152 | 245 | -8 | 2,788 | 6,570 | 433 |
| Mar | 884.25 | 382 | 3,081 | 2,657 | 6,152 | 248 | -20 | 2,788 | 6,570 | 436 | |
| Apr | 897.25 | 381 | 3,072 | 2,657 | 6,152 | 257 | -12 | 2,788 | 6,570 | 445 | |
| May | 897.25 | 383 | 3,088 | 2,739 | 6,224 | 321 | -11 | 2,788 | 6,570 | 429 | |
| Jun | 910.25 | 387 | 3,124 | 2,739 | 6,224 | 285 | 1 | 2,788 | 6,570 | 393 | |
| Soybean, Argentina | May | 910.25 | 379 | 3,066 | 2,739 | 6,224 | 218 | -14 | 2,788 | 6,570 | 319 |
| 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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