Today is 04/20/2024
| 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 | 895.5 | 401 | 3232 | 2939 | 6222 | 272 | -9 | 2931 | 6350 | 290 |
| Aug | 895.5 | 403 | 3250 | 2939 | 6222 | 254 | -9 | 2931 | 6350 | 272 | |
| Sep | 895.5 | 405 | 3271 | 2943 | 6156 | 224 | -21 | 2931 | 6350 | 251 | |
| Oct | 895.5 | 407 | 3290 | 2943 | 6156 | 205 | -30 | 2931 | 6350 | 232 | |
| Nov | 895.5 | 407 | 3294 | 2943 | 6156 | 201 | -33 | 2931 | 6350 | 228 | |
| Dec | 900.25 | 411 | 3335 | 2943 | 6156 | 160 | -32 | 2931 | 6350 | 187 | |
| Soybean, US PNW |
Oct | 895.5 | 399 | 3229 | 2943 | 6156 | 266 | -24 | 2931 | 6350 | 293 |
| Nov | 895.5 | 399 | 3229 | 2943 | 6156 | 266 | -24 | 2931 | 6350 | 293 | |
| Dec | 900.25 | 402 | 3264 | 2943 | 6156 | 231 | -23 | 2931 | 6350 | 258 | |
| Soybean, Brazil |
Aug | 895.5 | 405 | 3261 | 2939 | 6222 | 305 | -19 | 2931 | 6350 | 324 |
| Sep | 895.5 | 410 | 3310 | 2943 | 6156 | 246 | -34 | 2931 | 6350 | 275 | |
| Oct | 895.5 | 413 | 3337 | 2943 | 6156 | 219 | -28 | 2931 | 6350 | 248 | |
| Nov | 895.5 | 414 | 3344 | 2943 | 6156 | 212 | -23 | 2931 | 6350 | 241 | |
| Dec | 900.25 | 414 | 3366 | 2943 | 6156 | 190 | -22 | 2931 | 6350 | 219 | |
| Jan,2021 | 900.25 | 391 | 3184 | 2722 | 6106 | 188 | -27 | 2931 | 6350 | 401 | |
| Feb,2021 | 897.5 | 385 | 3135 | 2722 | 6106 | 237 | -31 | 2931 | 6350 | 450 | |
| Mar,2021 | 897.5 | 378 | 3079 | 2722 | 6106 | 293 | -30 | 2931 | 6350 | 506 | |
| Apr,2021 | 903.25 | 379 | 3086 | 2722 | 6106 | 286 | -45 | 2931 | 6350 | 499 | |
| May,2021 | 903.25 | 381 | 3097 | 2722 | 6106 | 275 | -42 | 2931 | 6350 | 488 | |
| Soybean, Argentina | Aug | 895.5 | 395 | 3188 | 2939 | 6222 | 254 | -16 | 2931 | 6350 | 270 |
| 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%. | |||||||||||
