Today is 12/27/2024
| Imported Soybean Crushing Margins - 3/3/2020 | |||||||||||
| 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 | 901 | 393 | 3,983 | 2,727 | 5,672 | -751 | -12 | 2,825 | 5,680 | -672 |
| Apr | 901 | 393 | 3,978 | 2,727 | 5,672 | -746 | 38 | 2,825 | 5,680 | -667 | |
| Soybean, US PNW |
Mar | 901 | 389 | 3,942 | 2,727 | 5,672 | -710 | -53 | 2,825 | 5,680 | -631 |
| Apr | 901 | 388 | 3,935 | 2,727 | 5,672 | -703 | -20 | 2,825 | 5,680 | -624 | |
| Soybean, Brazil | Mar | 901 | 384 | 3,089 | 2,727 | 5,672 | 200 | -14 | 2,825 | 5,680 | 279 |
| Apr | 901 | 383 | 3,083 | 2,727 | 5,672 | 206 | -16 | 2,825 | 5,680 | 285 | |
| May | 901 | 384 | 3,090 | 2,796 | 5,802 | 279 | -6 | 2,825 | 5,680 | 278 | |
| Jun | 910.75 | 386 | 3,112 | 2,796 | 5,802 | 257 | 8 | 2,825 | 5,680 | 256 | |
| Jul | 910.75 | 390 | 3,147 | 2,796 | 5,802 | 222 | -13 | 2,825 | 5,680 | 221 | |
| Soybean, Argentina | May | 910.75 | 375 | 3,020 | 2,796 | 5,802 | 233 | -1 | 2,825 | 5,680 | 234 |
| Jun | 910.75 | 376 | 3,037 | 2,796 | 5,802 | 216 | -1 | 2,825 | 5,680 | 217 | |
| 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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