Today is 05/06/2024
| Home > Crush Margins for Imported Soybeans in China--8/31/2020

Crush Margins for Imported Soybeans in China--8/31/2020

2020-08-31 www.cofeed.com
Product Delivery CBOT CNF China Duty-paid DCE SBM DCE SBO DCE
Gross Margin		 Var. SBM Spot SBO Spot SCM
USD/tonne CNY/tonne
Soybean,
 US Gulf		 Aug 950.5 432 3409 2988 6674 220 25 2871 6690 130
Sep 950.5 431 3407 2988 6674 222 25 2871 6690 132
Oct 950.5 432 3413 2988 6674 216 35 2871 6690 126
Nov 950.5 431 3417 2988 6674 212 30 2871 6690 122
Dec 956.25 430 3408 2988 6674 221 21 2871 6690 131
Soybean,
US PNW		 Oct 950.5 424 3355 2988 6674 274 31 2871 6690 184
Nov 950.5 424 3358 2988 6674 271 33 2871 6690 181
Dec 956.25 425 3371 2988 6674 258 27 2871 6690 168
Soybean,
 Brazil		 Aug 950.5 449 3541 2988 6674 154 -75 2871 6690 65
Sep 950.5 450 3552 2988 6674 143 -87 2871 6690 54
Oct 950.5 449 3551 2988 6674 144 -57 2871 6690 55
Nov 950.5 449 3551 2988 6674 144 -50 2871 6690 55
Dec 956.25 450 3559 2988 6674 136 -30 2871 6690 47
Jan,2021 956.25 421 3356 2826 6526 51 15 2871 6690 116
Feb,2021 956.25 412 3284 2826 6526 123 15 2871 6690 188
Mar,2021 956.25 404 3221 2826 6526 186 10 2871 6690 251
Apr,2021 957.25 401 3197 2826 6526 210 8 2871 6690 275
May,2021 957.25 402 3211 2826 6526 196 5 2871 6690 261
Jun,2021 959.75 404 3224 2826 6526 183 15 2871 6690 248
Soybean, Argentina Sep 950.5 428 3378 2988 6674 184 21 2871 6690 94
May,2021 959.75 393 3138 2826 6526 269 15 2871 6690 334
Remarks:
1. DCE: Dalian Commodity Exchange; SBM Spot: soybean meal spot price yesterday; SBO spot: soybean oil spot price yesterday; SCM: spot crushing margin.
2. CBOT is the closing price in previous session, and DCE is the intraday price at about 10:10 a.m.on the Dalian Commodity Exchange.
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. Starting from March 2, 2020, China officially accepts the application for the exemption of additional tariffs on US soybeans, so the import duty is 3%.

 

Print Close