Today is 04/25/2024
| 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 | 2980 | 2787 | 5472 | 261 | -1 | 2709 | 5490 | 203 |
| Aug | 833.25 | 363 | 3000 | 2787 | 5472 | 241 | -8 | 2709 | 5490 | 183 | |
| Sep | 833.25 | 368 | 3039 | 2858 | 5562 | 276 | -26 | 2709 | 5490 | 144 | |
| Oct | 844.5 | 376 | 3113 | 2858 | 5562 | 202 | -12 | 2709 | 5490 | 70 | |
| Soybean, PNW |
Oct | 844.5 | 371 | 3071 | 2858 | 5562 | 244 | 3 | 2709 | 5490 | 112 |
| Soybean, Brazil |
Jul | 833.25 | 361 | 2979 | 2787 | 5472 | 317 | 35 | 2709 | 5490 | 259 |
| Aug | 836.5 | 368 | 3037 | 2787 | 5472 | 259 | 20 | 2709 | 5490 | 201 | |
| Sep | 844.5 | 376 | 3100 | 2858 | 5562 | 270 | 3 | 2709 | 5490 | 138 | |
| Feb,2021 | 844.75 | 356 | 2956 | 2678 | 5634 | 286 | 8 | 2709 | 5490 | 282 | |
| Mar,2021 | 844.75 | 352 | 2920 | 2678 | 5634 | 322 | 17 | 2709 | 5490 | 318 | |
| Apr,2021 | 844.75 | 351 | 2916 | 2678 | 5634 | 326 | 17 | 2709 | 5490 | 322 | |
| May,2021 | 844.75 | 353 | 2926 | 2678 | 5634 | 316 | 17 | 2709 | 5490 | 312 | |
| Soybean, Argentina |
Jun | 833.25 | 354 | 2915 | 2787 | 5472 | 272 | 15 | 2709 | 5490 | 213 |
| 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%. | |||||||||||
