China imported soybean crush margin tracking 2026.09.04

Notes:1. The CBOT soybean prices, DCE soybean meal prices, and DCE soybean oil prices above correspond to the closing prices and night session closing prices of the respective main contracts (01, 03, 05, 07, 09) on the day. The contract matching rules for shipment periods are as follows: December-March shipments correspond to the 05 contract, April-July shipments correspond to the 09 contract, and August-November shipments correspond to the 01 contract. 2. The screen margin and spot margin above are both gross crushing margins, with processing costs not yet deducted. To calculate the net profit, a processing fee of 150 yuan/ton needs to be deducted. Due to differences in scale and commissioning time among crushers, actual costs may vary.3. The crushing margin for U.S. soybeans in this table is calculated based on a 3% import tariff.