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 | 900 | 400 | 3223 | 2942 | 6170 | 273 | -6 | 2899 | 6350 | 274 |
| Aug | 900 | 405 | 3258 | 2942 | 6170 | 238 | -6 | 2899 | 6350 | 239 | |
| Sep | 900 | 406 | 3271 | 2936 | 6142 | 215 | -15 | 2899 | 6350 | 226 | |
| Oct | 900 | 407 | 3286 | 2936 | 6142 | 200 | -15 | 2899 | 6350 | 211 | |
| Nov | 900 | 406 | 3281 | 2936 | 6142 | 205 | -15 | 2899 | 6350 | 216 | |
| Dec | 904.25 | 409 | 3322 | 2936 | 6142 | 164 | -15 | 2899 | 6350 | 175 | |
| Soybean, US PNW |
Oct | 900 | 400 | 3234 | 2936 | 6142 | 252 | -15 | 2899 | 6350 | 263 |
| Nov | 900 | 400 | 3234 | 2936 | 6142 | 252 | -15 | 2899 | 6350 | 263 | |
| Dec | 904.25 | 400 | 3248 | 2936 | 6142 | 238 | -15 | 2899 | 6350 | 249 | |
| Soybean, Brazil |
Aug | 900 | 406 | 3263 | 2942 | 6170 | 295 | -20 | 2899 | 6350 | 297 |
| Sep | 900 | 408 | 3289 | 2936 | 6142 | 259 | -27 | 2899 | 6350 | 271 | |
| Oct | 900 | 409 | 3304 | 2936 | 6142 | 244 | -15 | 2899 | 6350 | 256 | |
| Nov | 900 | 411 | 3314 | 2936 | 6142 | 234 | -15 | 2899 | 6350 | 246 | |
| Dec | 904.25 | 411 | 3335 | 2936 | 6142 | 213 | -16 | 2899 | 6350 | 225 | |
| Jan,2021 | 904.25 | 390 | 3171 | 2715 | 6102 | 194 | -24 | 2899 | 6350 | 389 | |
| Feb,2021 | 900.25 | 383 | 3110 | 2715 | 6102 | 255 | -22 | 2899 | 6350 | 450 | |
| Mar,2021 | 900.25 | 377 | 3063 | 2715 | 6102 | 302 | -21 | 2899 | 6350 | 497 | |
| Apr,2021 | 899 | 375 | 3052 | 2715 | 6102 | 313 | -22 | 2899 | 6350 | 508 | |
| May,2021 | 899 | 377 | 3066 | 2715 | 6102 | 299 | -21 | 2899 | 6350 | 494 | |
| Soybean, Argentina | Aug | 900 | 397 | 3196 | 2942 | 6170 | 239 | -4 | 2899 | 6350 | 237 |
| 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 10:15 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%. | |||||||||||
