Today is 12/28/2024
| Imported Soybean Crushing Margins - 12/2/2020 | |||||||||||
| 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 | 884.75 | 389 | 3,937 | 2,654 | 6,120 | -678 | -5 | 2,790 | 6,480 | -502 |
| Mar | 884.75 | 386 | 3,911 | 2,654 | 6,120 | -652 | -5 | 2,790 | 6,480 | -476 | |
| Soybean,
US PNW |
Feb | 884.75 | 378 | 3,833 | 2,654 | 6,120 | -574 | -6 | 2,790 | 6,480 | -398 |
| Soybean, Brazil | Feb | 884.75 | 380 | 3,053 | 2,654 | 6,120 | 268 | 23 | 2,790 | 6,480 | 447 |
| Mar | 884.75 | 378 | 3,041 | 2,654 | 6,120 | 280 | 32 | 2,790 | 6,480 | 459 | |
| Apr | 897.25 | 379 | 3,057 | 2,654 | 6,120 | 264 | 7 | 2,790 | 6,480 | 443 | |
| May | 897.25 | 383 | 3,083 | 2,739 | 6,216 | 324 | 3 | 2,790 | 6,480 | 417 | |
| Jun | 910.25 | 387 | 3,121 | 2,739 | 6,216 | 286 | 1 | 2,790 | 6,480 | 379 | |
| Soybean, Argentina | May | 910.25 | 378 | 3,055 | 2,739 | 6,216 | 228 | 10 | 2,790 | 6,480 | 316 |
| 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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