Today is 04/27/2024
| 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 | 876.25 | 388 | 3166 | 2850 | 5760 | 180 | 39 | 2691 | 5860 | 73 |
| Aug | 879.25 | 394 | 3222 | 2850 | 5760 | 124 | 15 | 2691 | 5860 | 17 | |
| Sep | 879.25 | 392 | 3207 | 2901 | 5822 | 191 | 15 | 2691 | 5860 | 32 | |
| Oct | 879.25 | 396 | 3236 | 2901 | 5822 | 162 | 15 | 2691 | 5860 | 3 | |
| Nov | 879.25 | 396 | 3251 | 2901 | 5822 | 147 | 14 | 2691 | 5860 | -12 | |
| Dec | 882.75 | 395 | 3250 | 2901 | 5822 | 148 | 14 | 2691 | 5860 | -11 | |
| Soybean, US PNW |
Oct | 879.25 | 390 | 3193 | 2901 | 5822 | 205 | 11 | 2691 | 5860 | 46 |
| Nov | 879.25 | 390 | 3208 | 2901 | 5822 | 190 | 11 | 2691 | 5860 | 31 | |
| Dec | 882.75 | 390 | 3204 | 2901 | 5822 | 194 | 10 | 2691 | 5860 | 35 | |
| Soybean, Brazil |
Jul | 876.25 | 394 | 3210 | 2850 | 5760 | 194 | 54 | 2691 | 5860 | 88 |
| Aug | 875 | 395 | 3230 | 2850 | 5760 | 174 | 38 | 2691 | 5860 | 68 | |
| Sep | 879.25 | 399 | 3263 | 2901 | 5822 | 193 | 21 | 2691 | 5860 | 35 | |
| Oct | 879.25 | 402 | 3284 | 2901 | 5822 | 172 | 9 | 2691 | 5860 | 14 | |
| Nov | 879.25 | 404 | 3316 | 2901 | 5822 | 140 | 9 | 2691 | 5860 | -18 | |
| Dec | 882.75 | 404 | 3318 | 2901 | 5822 | 138 | 8 | 2691 | 5860 | -20 | |
| Feb,2021 | 878.25 | 374 | 3082 | 2705 | 5848 | 225 | 10 | 2691 | 5860 | 216 | |
| Mar,2021 | 878.25 | 370 | 3049 | 2705 | 5848 | 258 | 1 | 2691 | 5860 | 249 | |
| Apr,2021 | 877.75 | 368 | 3033 | 2705 | 5848 | 274 | -9 | 2691 | 5860 | 265 | |
| May,2021 | 877.75 | 370 | 3042 | 2705 | 5848 | 265 | -1 | 2691 | 5860 | 256 | |
| Soybean, Argentina | Aug | 875 | 385 | 3147 | 2850 | 5760 | 141 | 8 | 2691 | 5860 | 34 |
| 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%. | |||||||||||
