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 | 871.25 | 380 | 3110 | 2823 | 5642 | 192 | -24 | 2696 | 5740 | 110 |
| Aug | 879.75 | 387 | 3164 | 2823 | 5642 | 138 | -24 | 2696 | 5740 | 56 | |
| Sep | 879.75 | 390 | 3193 | 2896 | 5716 | 181 | -25 | 2696 | 5740 | 27 | |
| Oct | 879.75 | 393 | 3229 | 2896 | 5716 | 145 | -31 | 2696 | 5740 | -9 | |
| Nov | 879.75 | 391 | 3214 | 2896 | 5716 | 160 | -16 | 2696 | 5740 | 6 | |
| Dec | 882.25 | 394 | 3237 | 2896 | 5716 | 137 | -6 | 2696 | 5740 | -17 | |
| Soybean, US PNW |
Oct | 879.75 | 388 | 3186 | 2896 | 5716 | 188 | -34 | 2696 | 5740 | 34 |
| Nov | 879.75 | 388 | 3186 | 2896 | 5716 | 188 | -8 | 2696 | 5740 | 34 | |
| Dec | 882.25 | 387 | 3184 | 2896 | 5716 | 190 | -5 | 2696 | 5740 | 36 | |
| Soybean, Brazil |
Jul | 871.25 | 394 | 3216 | 2823 | 5642 | 143 | -15 | 2696 | 5740 | 62 |
| Aug | 872.5 | 397 | 3247 | 2823 | 5642 | 112 | -9 | 2696 | 5740 | 31 | |
| Sep | 879.75 | 401 | 3276 | 2896 | 5716 | 155 | -4 | 2696 | 5740 | 2 | |
| Oct | 879.75 | 397 | 3264 | 2896 | 5716 | 167 | -8 | 2696 | 5740 | 14 | |
| Nov | 879.75 | 400 | 3287 | 2896 | 5716 | 144 | -7 | 2696 | 5740 | -9 | |
| Dec | 882.25 | 400 | 3286 | 2896 | 5716 | 145 | -5 | 2696 | 5740 | -8 | |
| Feb,2021 | 877.5 | 374 | 3077 | 2706 | 5752 | 211 | -5 | 2696 | 5740 | 201 | |
| Mar,2021 | 877.5 | 370 | 3047 | 2706 | 5752 | 241 | -5 | 2696 | 5740 | 231 | |
| Apr,2021 | 877.25 | 368 | 3031 | 2706 | 5752 | 257 | -4 | 2696 | 5740 | 247 | |
| May,2021 | 877.25 | 370 | 3046 | 2706 | 5752 | 242 | -4 | 2696 | 5740 | 232 | |
| Soybean, Argentina | Jun | 872.5 | 376 | 3067 | 2823 | 5642 | 179 | -10 | 2696 | 5740 | 96 |
| 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%. | |||||||||||
