Today is 12/27/2024
| Imported Soybean Crushing Margins - 2/3/2020 | |||||||||||
| 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 | Mar | 883.5 | 390 | 3,949 | 2,704 | 5,652 | -739 | 60 | 2,748 | 5,660 | -703 |
| Apr | 892.75 | 394 | 3,994 | 2,704 | 5,652 | -784 | 70 | 2,748 | 5,660 | -748 | |
| Soybean, US PNW |
Mar | 883.5 | 382 | 3,867 | 2,704 | 5,652 | -657 | 63 | 2,748 | 5,660 | -621 |
| Apr | 892.75 | 384 | 3,893 | 2,704 | 5,652 | -683 | 40 | 2,748 | 5,660 | -647 | |
| Soybean, Brazil | Mar | 883.5 | 380 | 3,053 | 2,704 | 5,652 | 214 | 43 | 2,748 | 5,660 | 250 |
| Apr | 892.75 | 378 | 3,045 | 2,704 | 5,652 | 222 | 32 | 2,748 | 5,660 | 258 | |
| May | 892.75 | 380 | 3,058 | 2,768 | 5,782 | 285 | 21 | 2,748 | 5,660 | 245 | |
| Jun | 901.5 | 383 | 3,094 | 2,768 | 5,782 | 249 | 25 | 2,748 | 5,660 | 209 | |
| Jul | 901.5 | 385 | 3,108 | 2,768 | 5,782 | 235 | 26 | 2,748 | 5,660 | 195 | |
| Soybean, Argentina | May | 901.5 | 371 | 2,993 | 2,768 | 5,782 | 234 | 43 | 2,748 | 5,660 | 197 |
| Jun | 901.5 | 372 | 3,010 | 2,768 | 5,782 | 217 | 44 | 2,748 | 5,660 | 180 | |
| 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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