Today is 05/02/2024
| 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 |
Jul | 833.25 | 361 | 2978 | 2788 | 5458 | 262 | 60 | 2671 | 5420 | 162 |
| Aug | 833.25 | 362 | 2991 | 2788 | 5458 | 249 | 63 | 2671 | 5420 | 149 | |
| Sep | 833.25 | 364 | 3013 | 2860 | 5556 | 302 | 52 | 2671 | 5420 | 127 | |
| Oct | 844.5 | 374 | 3101 | 2860 | 5556 | 214 | 41 | 2671 | 5420 | 39 | |
| Soybean, PNW |
Oct | 844.5 | 371 | 3074 | 2860 | 5556 | 241 | 26 | 2671 | 5420 | 66 |
| Soybean, Brazil |
Jul | 833.25 | 365 | 3012 | 2788 | 5458 | 282 | 7 | 2671 | 5420 | 182 |
| Aug | 836.5 | 370 | 3055 | 2788 | 5458 | 239 | 19 | 2671 | 5420 | 139 | |
| Sep | 844.5 | 376 | 3104 | 2860 | 5556 | 267 | 29 | 2671 | 5420 | 90 | |
| Feb,2021 | 844.75 | 356 | 2959 | 2679 | 5604 | 278 | 7 | 2671 | 5420 | 235 | |
| Mar,2021 | 844.75 | 353 | 2932 | 2679 | 5604 | 305 | -4 | 2671 | 5420 | 262 | |
| Apr,2021 | 844.75 | 352 | 2928 | 2679 | 5604 | 309 | 4 | 2671 | 5420 | 266 | |
| May,2021 | 844.75 | 354 | 2938 | 2679 | 5604 | 299 | 7 | 2671 | 5420 | 256 | |
| Soybean, Argentina |
Jun | 833.25 | 355 | 2928 | 2788 | 5458 | 257 | 21 | 2671 | 5420 | 158 |
| 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 9:53 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%. | |||||||||||
