Today is 05/08/2024
| 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 | 887.5 | 400 | 3230 | 2930 | 6152 | 254 | -85 | 2981 | 6260 | 314 |
| Aug | 887.5 | 405 | 3269 | 2930 | 6152 | 215 | -106 | 2981 | 6260 | 275 | |
| Sep | 887.5 | 407 | 3299 | 2946 | 6122 | 192 | -62 | 2981 | 6260 | 245 | |
| Oct | 887.5 | 408 | 3323 | 2946 | 6122 | 168 | -71 | 2981 | 6260 | 221 | |
| Nov | 887.5 | 408 | 3324 | 2946 | 6122 | 167 | -71 | 2981 | 6260 | 220 | |
| Dec | 893.25 | 411 | 3355 | 2946 | 6122 | 136 | -57 | 2981 | 6260 | 189 | |
| Soybean, US PNW |
Oct | 887.5 | 401 | 3264 | 2946 | 6122 | 227 | -73 | 2981 | 6260 | 280 |
| Nov | 887.5 | 401 | 3267 | 2946 | 6122 | 224 | -70 | 2981 | 6260 | 277 | |
| Dec | 893.25 | 402 | 3286 | 2946 | 6122 | 205 | -62 | 2981 | 6260 | 258 | |
| Soybean, Brazil |
Aug | 887.5 | 411 | 3311 | 2930 | 6152 | 234 | -133 | 2981 | 6260 | 296 |
| Sep | 887.5 | 409 | 3309 | 2946 | 6122 | 243 | -42 | 2981 | 6260 | 298 | |
| Oct | 887.5 | 411 | 3341 | 2946 | 6122 | 211 | -47 | 2981 | 6260 | 266 | |
| Nov | 887.5 | 413 | 3363 | 2946 | 6122 | 189 | -63 | 2981 | 6260 | 244 | |
| Dec | 893.25 | 413 | 3373 | 2946 | 6122 | 179 | -47 | 2981 | 6260 | 234 | |
| Jan,2021 | 893.25 | 393 | 3208 | 2722 | 6074 | 157 | -39 | 2981 | 6260 | 399 | |
| Feb,2021 | 890.25 | 388 | 3170 | 2722 | 6074 | 195 | -48 | 2981 | 6260 | 437 | |
| Mar,2021 | 890.25 | 379 | 3097 | 2722 | 6074 | 268 | -42 | 2981 | 6260 | 510 | |
| Apr,2021 | 892.25 | 375 | 3071 | 2722 | 6074 | 294 | -31 | 2981 | 6260 | 536 | |
| May,2021 | 892.25 | 377 | 3083 | 2722 | 6074 | 282 | -31 | 2981 | 6260 | 524 | |
| Soybean, Argentina | Aug | 887.5 | 398 | 3209 | 2930 | 6152 | 213 | -108 | 2981 | 6260 | 273 |
| 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%. | |||||||||||
