Today is 04/26/2024
| 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 | 847 | 368 | 3050 | 2804 | 5616 | 232 | -2 | 2723 | 5600 | 165 |
| Aug | 847 | 371 | 3078 | 2804 | 5616 | 204 | 4 | 2723 | 5600 | 137 | |
| Sep | 847 | 375 | 3115 | 2867 | 5680 | 229 | 11 | 2723 | 5600 | 100 | |
| Oct | 856 | 381 | 3173 | 2867 | 5680 | 171 | 5 | 2723 | 5600 | 42 | |
| Soybean, PNW |
Oct | 856 | 375 | 3121 | 2867 | 5680 | 223 | 5 | 2723 | 5600 | 94 |
| Soybean, Brazil |
Jul | 847 | 375 | 3104 | 2804 | 5616 | 234 | 7 | 2723 | 5600 | 167 |
| Aug | 849.25 | 379 | 3142 | 2804 | 5616 | 196 | 5 | 2723 | 5600 | 129 | |
| Sep | 856 | 384 | 3183 | 2867 | 5680 | 218 | 5 | 2723 | 5600 | 88 | |
| Feb,2021 | 855.5 | 361 | 3010 | 2695 | 5712 | 261 | 3 | 2723 | 5600 | 261 | |
| Mar,2021 | 855.5 | 357 | 2974 | 2695 | 5712 | 297 | 3 | 2723 | 5600 | 297 | |
| Apr,2021 | 855 | 355 | 2961 | 2695 | 5712 | 310 | 10 | 2723 | 5600 | 310 | |
| May,2021 | 855 | 356 | 2968 | 2695 | 5712 | 303 | 7 | 2723 | 5600 | 303 | |
| Soybean, Argentina |
Jun | 847 | 363 | 3006 | 2804 | 5616 | 220 | 7 | 2723 | 5600 | 153 |
| 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%. | |||||||||||
