Today is 04/20/2024
| Imported Soybean Crushing Margins - 14/2/2020 | |||||||||||
| 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 | 896.25 | 393 | 3,986 | 2,658 | 5,916 | -762 | -46 | 2,833 | 6,340 | -543 |
| Mar | 896.25 | 391 | 3,966 | 2,658 | 5,916 | -742 | -52 | 2,833 | 6,340 | -523 | |
| Soybean,
US PNW |
Feb | 896.25 | 383 | 3,881 | 2,658 | 5,916 | -657 | -45 | 2,833 | 6,340 | -438 |
| Soybean, Brazil | Feb | 896.25 | 384 | 3,091 | 2,658 | 5,916 | 192 | -45 | 2,833 | 6,340 | 415 |
| Mar | 896.25 | 383 | 3,087 | 2,658 | 5,916 | 196 | -43 | 2,833 | 6,340 | 419 | |
| Apr | 906 | 383 | 3,084 | 2,658 | 5,916 | 199 | -38 | 2,833 | 6,340 | 422 | |
| May | 906 | 386 | 3,110 | 2,751 | 6,048 | 273 | -25 | 2,833 | 6,340 | 396 | |
| Jun | 918 | 389 | 3,148 | 2,751 | 6,048 | 235 | -31 | 2,833 | 6,340 | 358 | |
| Soybean, Argentina | May | 918 | 381 | 3,082 | 2,751 | 6,048 | 180 | -29 | 2,833 | 6,340 | 297 |
| 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. |
|||||||||||