Today is 04/17/2024
| 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 | 867.75 | 379 | 3105 | 2855 | 5674 | 229 | 0 | 2723 | 5730 | 135 |
| Aug | 867.75 | 382 | 3136 | 2855 | 5674 | 198 | 1 | 2723 | 5730 | 104 | |
| Sep | 867.75 | 383 | 3150 | 2917 | 5740 | 245 | 10 | 2723 | 5730 | 90 | |
| Oct | 876.75 | 389 | 3211 | 2917 | 5740 | 184 | 8 | 2723 | 5730 | 29 | |
| Soybean, PNW |
Oct | 876.75 | 382 | 3157 | 2917 | 5740 | 238 | 7 | 2723 | 5730 | 83 |
| Soybean, Brazil |
Jul | 867.75 | 387 | 3172 | 2855 | 5674 | 218 | 0 | 2723 | 5730 | 125 |
| Aug | 868.75 | 391 | 3207 | 2855 | 5674 | 183 | 2 | 2723 | 5730 | 90 | |
| Sep | 876.75 | 396 | 3251 | 2917 | 5740 | 201 | 10 | 2723 | 5730 | 46 | |
| Feb,2021 | 879 | 371 | 3067 | 2713 | 5772 | 231 | 6 | 2723 | 5730 | 230 | |
| Mar,2021 | 879 | 367 | 3034 | 2713 | 5772 | 264 | -3 | 2723 | 5730 | 263 | |
| Apr,2021 | 882.75 | 367 | 3033 | 2713 | 5772 | 265 | -10 | 2723 | 5730 | 264 | |
| May,2021 | 882.75 | 369 | 3047 | 2713 | 5772 | 251 | -9 | 2723 | 5730 | 250 | |
| Soybean, Argentina |
Jun | 867.75 | 369 | 3024 | 2855 | 5674 | 253 | -2 | 2723 | 5730 | 159 |
| 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%. | |||||||||||
