Today is 05/09/2024
| 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 | 882.75 | 392 | 3158 | 2874 | 5980 | 249 | -2 | 2847 | 6000 | 231 |
| Aug | 882.75 | 395 | 3182 | 2874 | 5980 | 225 | 3 | 2847 | 6000 | 207 | |
| Sep | 882.75 | 398 | 3209 | 2892 | 5940 | 204 | -5 | 2847 | 6000 | 180 | |
| Oct | 882.75 | 399 | 3218 | 2892 | 5940 | 195 | -2 | 2847 | 6000 | 171 | |
| Nov | 882.75 | 399 | 3239 | 2892 | 5940 | 174 | -1 | 2847 | 6000 | 150 | |
| Dec | 887.25 | 402 | 3260 | 2892 | 5940 | 153 | -8 | 2847 | 6000 | 129 | |
| Soybean, US PNW |
Oct | 882.75 | 396 | 3193 | 2892 | 5940 | 220 | -10 | 2847 | 6000 | 196 |
| Nov | 882.75 | 396 | 3214 | 2892 | 5940 | 199 | -9 | 2847 | 6000 | 175 | |
| Dec | 887.25 | 396 | 3213 | 2892 | 5940 | 200 | 6 | 2847 | 6000 | 176 | |
| Soybean, Brazil |
Jul | 882.75 | 396 | 3189 | 2874 | 5980 | 277 | -8 | 2847 | 6000 | 260 |
| Aug | 882.75 | 398 | 3204 | 2874 | 5980 | 262 | -2 | 2847 | 6000 | 245 | |
| Sep | 882.75 | 403 | 3253 | 2892 | 5940 | 220 | -11 | 2847 | 6000 | 196 | |
| Oct | 882.75 | 406 | 3272 | 2892 | 5940 | 201 | -12 | 2847 | 6000 | 177 | |
| Nov | 882.75 | 407 | 3302 | 2892 | 5940 | 171 | -17 | 2847 | 6000 | 147 | |
| Dec | 887.25 | 408 | 3306 | 2892 | 5940 | 167 | -13 | 2847 | 6000 | 143 | |
| Jan,2021 | 887.25 | 385 | 3127 | 2703 | 5900 | 188 | -22 | 2847 | 6000 | 322 | |
| Feb,2021 | 884.5 | 378 | 3075 | 2703 | 5900 | 240 | -21 | 2847 | 6000 | 374 | |
| Mar,2021 | 884.5 | 371 | 3020 | 2703 | 5900 | 295 | -24 | 2847 | 6000 | 429 | |
| Apr,2021 | 885.25 | 371 | 3013 | 2703 | 5900 | 302 | -14 | 2847 | 6000 | 436 | |
| May,2021 | 885.25 | 372 | 3028 | 2703 | 5900 | 287 | -23 | 2847 | 6000 | 421 | |
| Soybean, Argentina | Aug | 882.75 | 392 | 3160 | 2874 | 5980 | 187 | 3 | 2847 | 6000 | 169 |
| 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%. | |||||||||||
