Today is 04/17/2024
| 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 |
May | 832.25 | 369 | 3006 | 2747 | 5366 | 184 | -5 | 3004 | 5650 | 441 |
| Jun | 839.5 | 370 | 3020 | 2747 | 5366 | 170 | -8 | 3004 | 5650 | 427 | |
| Jul | 839.5 | 370 | 3025 | 2747 | 5366 | 165 | -9 | 3004 | 5650 | 422 | |
| Oct | 841.5 | 373 | 3061 | 2779 | 5430 | 166 | -13 | 3004 | 5650 | 386 | |
| Soybean, PNW |
May | 832.25 | 363 | 2964 | 2747 | 5366 | 226 | -5 | 3004 | 5650 | 483 |
| Soybean, Brazil |
May | 832.25 | 351 | 2865 | 2747 | 5366 | 378 | -7 | 3004 | 5650 | 638 |
| Jun | 839.5 | 357 | 2923 | 2747 | 5366 | 320 | -12 | 3004 | 5650 | 580 | |
| Jul | 839.5 | 365 | 2984 | 2747 | 5366 | 259 | -27 | 3004 | 5650 | 519 | |
| Aug | 839.5 | 372 | 3042 | 2747 | 5366 | 201 | -28 | 3004 | 5650 | 461 | |
| Sep | 841.5 | 376 | 3078 | 2779 | 5430 | 203 | -45 | 3004 | 5650 | 425 | |
| Feb, 2021 | 829.5 | 350 | 2876 | 2779 | 5430 | 405 | 0 | 3004 | 5650 | 627 | |
| Mar, 2021 | 829.5 | 344 | 2824 | 2779 | 5430 | 457 | -9 | 3004 | 5650 | 679 | |
| Soybean, Argentina |
May | 839.5 | 357 | 2913 | 2747 | 5366 | 223 | 12 | 3004 | 5650 | 477 |
| Jun | 839.5 | 360 | 2943 | 2747 | 5366 | 193 | 6 | 3004 | 5650 | 447 | |
| 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 10:00 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%. | |||||||||||
