Today is 12/27/2024
| Imported Soybean Crushing Margins - 17/2/2020 | |||||||||||
| 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 | 893.75 | 392 | 3,977 | 2,676 | 5,932 | -736 | 26 | 2,840 | 6,250 | -546 |
| Mar | 893.75 | 391 | 3,967 | 2,676 | 5,932 | -726 | 16 | 2,840 | 6,250 | -536 | |
| Soybean,
US PNW |
Feb | 893.75 | 383 | 3,883 | 2,676 | 5,932 | -642 | 15 | 2,840 | 6,250 | -452 |
| Soybean, Brazil | Feb | 893.75 | 387 | 3,115 | 2,676 | 5,932 | 185 | -7 | 2,840 | 6,250 | 379 |
| Mar | 893.75 | 387 | 3,118 | 2,676 | 5,932 | 182 | -14 | 2,840 | 6,250 | 376 | |
| Apr | 903.25 | 383 | 3,093 | 2,676 | 5,932 | 207 | 8 | 2,840 | 6,250 | 401 | |
| May | 903.25 | 386 | 3,110 | 2,759 | 6,066 | 283 | 10 | 2,840 | 6,250 | 384 | |
| Jun | 915.5 | 388 | 3,135 | 2,759 | 6,066 | 258 | 23 | 2,840 | 6,250 | 359 | |
| Soybean, Argentina | May | 915.5 | 379 | 3,066 | 2,759 | 6,066 | 205 | 25 | 2,840 | 6,250 | 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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