Today is 04/24/2024
| Imported Soybean Crushing Margins - 13/2/2020 | |||||||||||
| 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 | 892.5 | 392 | 3,971 | 2,665 | 6,052 | -716 | -38 | 2,810 | 6,410 | -533 |
| Mar | 892.5 | 389 | 3,945 | 2,665 | 6,052 | -690 | -38 | 2,810 | 6,410 | -507 | |
| Soybean,
US PNW |
Feb | 892.5 | 381 | 3,867 | 2,665 | 6,052 | -612 | -38 | 2,810 | 6,410 | -429 |
| Soybean, Brazil | Feb | 892.5 | 383 | 3,079 | 2,665 | 6,052 | 237 | -31 | 2,810 | 6,410 | 423 |
| Mar | 892.5 | 382 | 3,077 | 2,665 | 6,052 | 239 | -41 | 2,810 | 6,410 | 425 | |
| Apr | 903.5 | 382 | 3,079 | 2,665 | 6,052 | 237 | -27 | 2,810 | 6,410 | 423 | |
| May | 903.5 | 385 | 3,105 | 2,744 | 6,178 | 298 | -26 | 2,810 | 6,410 | 397 | |
| Jun | 914.75 | 388 | 3,137 | 2,744 | 6,178 | 266 | -20 | 2,810 | 6,410 | 365 | |
| Soybean, Argentina | May | 914.75 | 380 | 3,071 | 2,744 | 6,178 | 209 | -19 | 2,810 | 6,410 | 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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