Today is 04/19/2024
| 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 | 857.5 | 375 | 3078 | 2829 | 5640 | 229 | -10 | 2697 | 5770 | 149 |
| Aug | 857.5 | 378 | 3110 | 2829 | 5640 | 197 | -16 | 2697 | 5770 | 117 | |
| Sep | 857.5 | 380 | 3123 | 2882 | 5692 | 235 | 2 | 2697 | 5770 | 104 | |
| Oct | 866.25 | 385 | 3182 | 2882 | 5692 | 176 | 1 | 2697 | 5770 | 45 | |
| Soybean, PNW |
Oct | 866.25 | 379 | 3127 | 2882 | 5692 | 231 | -10 | 2697 | 5770 | 100 |
| Soybean, Brazil |
Jul | 857.5 | 383 | 3145 | 2829 | 5640 | 218 | 3 | 2697 | 5770 | 140 |
| Aug | 859 | 387 | 3182 | 2829 | 5640 | 181 | -14 | 2697 | 5770 | 103 | |
| Sep | 866.25 | 392 | 3224 | 2882 | 5692 | 191 | -19 | 2697 | 5770 | 61 | |
| Feb,2021 | 866.75 | 368 | 3041 | 2685 | 5726 | 225 | -21 | 2697 | 5770 | 244 | |
| Mar,2021 | 866.75 | 363 | 2999 | 2685 | 5726 | 267 | -20 | 2697 | 5770 | 286 | |
| Apr,2021 | 868.25 | 362 | 2991 | 2685 | 5726 | 275 | 1 | 2697 | 5770 | 294 | |
| May,2021 | 868.25 | 364 | 3006 | 2685 | 5726 | 260 | 0 | 2697 | 5770 | 279 | |
| Soybean, Argentina |
Jun | 857.5 | 365 | 2995 | 2829 | 5640 | 255 | -19 | 2697 | 5770 | 174 |
| 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%. | |||||||||||
