Today is 04/18/2024
| 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 | 844.25 | 370 | 3017 | 2756 | 5372 | 181 | -12 | 2817 | 5530 | 259 |
| Jun | 844.25 | 368 | 3012 | 2756 | 5372 | 186 | -7 | 2817 | 5530 | 264 | |
| Jul | 844.25 | 368 | 3011 | 2756 | 5372 | 187 | 9 | 2817 | 5530 | 265 | |
| Oct | 848.25 | 374 | 3076 | 2814 | 5460 | 184 | 25 | 2817 | 5530 | 200 | |
| Soybean, PNW |
May | 844.25 | 368 | 3001 | 2756 | 5372 | 197 | -12 | 2817 | 5530 | 275 |
| Soybean, Brazil |
May | 844.25 | 357 | 2916 | 2756 | 5372 | 336 | -27 | 2817 | 5530 | 415 |
| Jun | 844.25 | 359 | 2944 | 2756 | 5372 | 308 | 1 | 2817 | 5530 | 387 | |
| Jul | 844.25 | 363 | 2970 | 2756 | 5372 | 282 | 23 | 2817 | 5530 | 361 | |
| Aug | 845 | 368 | 3008 | 2756 | 5372 | 244 | 23 | 2817 | 5530 | 323 | |
| Sep | 848.25 | 373 | 3068 | 2814 | 5460 | 247 | 15 | 2817 | 5530 | 263 | |
| Feb, 2021 | 833.75 | 350 | 2877 | 2814 | 5460 | 438 | 33 | 2817 | 5530 | 454 | |
| Mar, 2021 | 833.75 | 344 | 2832 | 2814 | 5460 | 483 | 6 | 2817 | 5530 | 499 | |
| Soybean, Argentina |
Jun | 844.25 | 361 | 2953 | 2756 | 5372 | 191 | -47 | 2817 | 5530 | 268 |
| 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%. | |||||||||||
