Today is 04/25/2024
| 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 | 893 | 401 | 3218 | 2913 | 6306 | 281 | 8 | 2944 | 6320 | 309 |
| Aug | 893 | 403 | 3236 | 2913 | 6306 | 263 | 25 | 2944 | 6320 | 291 | |
| Sep | 893 | 404 | 3248 | 2922 | 6234 | 245 | 30 | 2944 | 6320 | 279 | |
| Oct | 893 | 405 | 3258 | 2922 | 6234 | 235 | 35 | 2944 | 6320 | 269 | |
| Nov | 893 | 405 | 3259 | 2922 | 6234 | 234 | 29 | 2944 | 6320 | 268 | |
| Dec | 898 | 408 | 3301 | 2922 | 6234 | 192 | 28 | 2944 | 6320 | 226 | |
| Soybean, US PNW |
Oct | 893 | 398 | 3203 | 2922 | 6234 | 290 | 38 | 2944 | 6320 | 324 |
| Nov | 893 | 398 | 3203 | 2922 | 6234 | 290 | 38 | 2944 | 6320 | 324 | |
| Dec | 898 | 400 | 3239 | 2922 | 6234 | 254 | 16 | 2944 | 6320 | 288 | |
| Soybean, Brazil |
Aug | 893 | 404 | 3238 | 2913 | 6306 | 324 | 29 | 2944 | 6320 | 352 |
| Sep | 893 | 408 | 3275 | 2922 | 6234 | 280 | 21 | 2944 | 6320 | 315 | |
| Oct | 893 | 411 | 3308 | 2922 | 6234 | 247 | 3 | 2944 | 6320 | 282 | |
| Nov | 893 | 413 | 3320 | 2922 | 6234 | 235 | 1 | 2944 | 6320 | 270 | |
| Dec | 898 | 414 | 3343 | 2922 | 6234 | 212 | -1 | 2944 | 6320 | 247 | |
| Jan,2021 | 898 | 391 | 3162 | 2713 | 6170 | 215 | 21 | 2944 | 6320 | 428 | |
| Feb,2021 | 894.75 | 384 | 3109 | 2713 | 6170 | 268 | 13 | 2944 | 6320 | 481 | |
| Mar,2021 | 894.75 | 377 | 3054 | 2713 | 6170 | 323 | 21 | 2944 | 6320 | 536 | |
| Apr,2021 | 895.5 | 376 | 3046 | 2713 | 6170 | 331 | 18 | 2944 | 6320 | 544 | |
| May,2021 | 895.5 | 378 | 3060 | 2713 | 6170 | 317 | 18 | 2944 | 6320 | 530 | |
| Soybean, Argentina | Aug | 893 | 394 | 3166 | 2913 | 6306 | 270 | 31 | 2944 | 6320 | 297 |
| 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%. | |||||||||||
