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 | 387 | 3161 | 2817 | 5680 | 144 | -19 | 2681 | 5730 | 46 |
| Aug | 876.5 | 393 | 3211 | 2817 | 5680 | 94 | -26 | 2681 | 5730 | -4 | |
| Sep | 876.5 | 391 | 3207 | 2884 | 5744 | 163 | -8 | 2681 | 5730 | 0 | |
| Oct | 876.5 | 395 | 3237 | 2884 | 5744 | 133 | -8 | 2681 | 5730 | -30 | |
| Nov | 876.5 | 395 | 3252 | 2884 | 5744 | 118 | -10 | 2681 | 5730 | -45 | |
| Dec | 879.75 | 395 | 3249 | 2884 | 5744 | 121 | -8 | 2681 | 5730 | -42 | |
| Soybean, US PNW |
Oct | 876.5 | 388 | 3178 | 2884 | 5744 | 192 | -3 | 2681 | 5730 | 29 |
| Nov | 876.5 | 388 | 3192 | 2884 | 5744 | 178 | -12 | 2681 | 5730 | 15 | |
| Dec | 879.75 | 387 | 3187 | 2884 | 5744 | 183 | -5 | 2681 | 5730 | 20 | |
| Soybean, Brazil |
Jul | 871.25 | 399 | 3256 | 2817 | 5680 | 105 | -27 | 2681 | 5730 | 8 |
| Aug | 871.75 | 399 | 3264 | 2817 | 5680 | 97 | -18 | 2681 | 5730 | 0 | |
| Sep | 876.5 | 402 | 3288 | 2884 | 5744 | 139 | -17 | 2681 | 5730 | -24 | |
| Oct | 876.5 | 401 | 3281 | 2884 | 5744 | 146 | -11 | 2681 | 5730 | -17 | |
| Nov | 876.5 | 403 | 3314 | 2884 | 5744 | 113 | -12 | 2681 | 5730 | -50 | |
| Dec | 879.75 | 403 | 3315 | 2884 | 5744 | 112 | -12 | 2681 | 5730 | -51 | |
| Feb,2021 | 876.25 | 375 | 3092 | 2701 | 5776 | 197 | -8 | 2681 | 5730 | 172 | |
| Mar,2021 | 876.25 | 370 | 3051 | 2701 | 5776 | 238 | -8 | 2681 | 5730 | 213 | |
| Apr,2021 | 876.5 | 368 | 3037 | 2701 | 5776 | 252 | -9 | 2681 | 5730 | 227 | |
| May,2021 | 876.5 | 370 | 3052 | 2701 | 5776 | 237 | -9 | 2681 | 5730 | 212 | |
| Soybean, Argentina | Jul | 871.75 | 385 | 3141 | 2817 | 5680 | 107 | -11 | 2681 | 5730 | 8 |
| 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%. | |||||||||||
