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 | 866 | 377 | 3084 | 2824 | 5626 | 216 | -18 | 2689 | 5780 | 139 |
| Aug | 876.75 | 383 | 3138 | 2824 | 5626 | 162 | -13 | 2689 | 5780 | 85 | |
| Sep | 876.75 | 387 | 3164 | 2893 | 5710 | 206 | -14 | 2689 | 5780 | 59 | |
| Oct | 876.75 | 389 | 3194 | 2893 | 5710 | 176 | -10 | 2689 | 5780 | 29 | |
| Nov | 876.75 | 389 | 3194 | 2893 | 5710 | 176 | 2689 | 5780 | 29 | ||
| Dec | 880 | 393 | 3227 | 2893 | 5710 | 143 | 2689 | 5780 | -4 | ||
| Soybean, US PNW |
Oct | 876.75 | 383 | 3148 | 2893 | 5710 | 222 | -17 | 2689 | 5780 | 75 |
| Nov | 876.75 | 386 | 3174 | 2893 | 5710 | 196 | 2689 | 5780 | 49 | ||
| Dec | 880 | 387 | 3175 | 2893 | 5710 | 195 | 2689 | 5780 | 48 | ||
| Soybean, Brazil |
Jul | 866 | 392 | 3198 | 2824 | 5626 | 158 | -13 | 2689 | 5780 | 82 |
| Aug | 868 | 395 | 3235 | 2824 | 5626 | 121 | -16 | 2689 | 5780 | 45 | |
| Sep | 876.75 | 400 | 3268 | 2893 | 5710 | 159 | -15 | 2689 | 5780 | 12 | |
| Oct | 876.75 | 396 | 3252 | 2893 | 5710 | 175 | 2689 | 5780 | 28 | ||
| Nov | 876.75 | 399 | 3276 | 2893 | 5710 | 151 | 2689 | 5780 | 4 | ||
| Dec | 880 | 399 | 3277 | 2893 | 5710 | 150 | 2689 | 5780 | 3 | ||
| Feb,2021 | 876 | 373 | 3070 | 2701 | 5762 | 216 | -21 | 2689 | 5780 | 210 | |
| Mar,2021 | 876 | 370 | 3040 | 2701 | 5762 | 246 | -21 | 2689 | 5780 | 240 | |
| Apr,2021 | 876 | 368 | 3025 | 2701 | 5762 | 261 | -25 | 2689 | 5780 | 255 | |
| May,2021 | 876 | 370 | 3040 | 2701 | 5762 | 246 | -25 | 2689 | 5780 | 240 | |
| Soybean, Argentina | Jun | 868 | 374 | 3055 | 2824 | 5626 | 189 | -13 | 2689 | 5780 | 110 |
| 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%. | |||||||||||
