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 | 865.5 | 377 | 3070 | 2812 | 5696 | 234 | -6 | 2689 | 5790 | 154 |
| Aug | 877 | 383 | 3129 | 2812 | 5696 | 175 | -40 | 2689 | 5790 | 95 | |
| Sep | 877 | 387 | 3155 | 2884 | 5772 | 220 | -39 | 2689 | 5790 | 69 | |
| Oct | 877 | 389 | 3189 | 2884 | 5772 | 186 | -1 | 2689 | 5790 | 35 | |
| Soybean, PNW |
Oct | 877 | 383 | 3136 | 2884 | 5772 | 239 | -1 | 2689 | 5790 | 88 |
| Soybean, Brazil |
Jul | 865.5 | 392 | 3190 | 2812 | 5696 | 171 | -51 | 2689 | 5790 | 92 |
| Aug | 867.75 | 395 | 3224 | 2812 | 5696 | 137 | -50 | 2689 | 5790 | 58 | |
| Sep | 877 | 400 | 3259 | 2884 | 5772 | 174 | -45 | 2689 | 5790 | 23 | |
| Feb,2021 | 877.25 | 373 | 3062 | 2700 | 5832 | 237 | -7 | 2689 | 5790 | 220 | |
| Mar,2021 | 877.25 | 370 | 3032 | 2700 | 5832 | 267 | -15 | 2689 | 5790 | 250 | |
| Apr,2021 | 878 | 367 | 3013 | 2700 | 5832 | 286 | -1 | 2689 | 5790 | 269 | |
| May,2021 | 878 | 369 | 3028 | 2700 | 5832 | 271 | -1 | 2689 | 5790 | 254 | |
| Soybean, Argentina |
Jun | 867.75 | 374 | 3045 | 2812 | 5696 | 202 | -25 | 2689 | 5790 | 122 |
| 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%. | |||||||||||
