Today is 04/23/2024
| 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 | 888.25 | 401 | 3234 | 2882 | 6170 | 215 | -51 | 2953 | 6410 | 317 |
| Aug | 888.25 | 405 | 3272 | 2882 | 6170 | 177 | -51 | 2953 | 6410 | 279 | |
| Sep | 888.25 | 408 | 3297 | 2905 | 6130 | 163 | -50 | 2953 | 6410 | 254 | |
| Oct | 888.25 | 409 | 3309 | 2905 | 6130 | 151 | -50 | 2953 | 6410 | 242 | |
| Nov | 888.25 | 409 | 3309 | 2905 | 6130 | 151 | -50 | 2953 | 6410 | 242 | |
| Dec | 893.75 | 411 | 3345 | 2905 | 6130 | 115 | -48 | 2953 | 6410 | 206 | |
| Soybean, US PNW |
Oct | 888.25 | 401 | 3251 | 2905 | 6130 | 209 | -50 | 2953 | 6410 | 300 |
| Nov | 888.25 | 402 | 3256 | 2905 | 6130 | 204 | -49 | 2953 | 6410 | 295 | |
| Dec | 893.75 | 404 | 3285 | 2905 | 6130 | 175 | -47 | 2953 | 6410 | 266 | |
| Soybean, Brazil |
Aug | 888.25 | 411 | 3316 | 2882 | 6170 | 195 | -53 | 2953 | 6410 | 299 |
| Sep | 888.25 | 413 | 3336 | 2905 | 6130 | 185 | -51 | 2953 | 6410 | 279 | |
| Oct | 888.25 | 414 | 3355 | 2905 | 6130 | 166 | -51 | 2953 | 6410 | 260 | |
| Nov | 888.25 | 415 | 3361 | 2905 | 6130 | 160 | -51 | 2953 | 6410 | 254 | |
| Dec | 893.75 | 417 | 3388 | 2905 | 6130 | 133 | -49 | 2953 | 6410 | 227 | |
| Jan,2021 | 893.75 | 395 | 3213 | 2711 | 6056 | 140 | -31 | 2953 | 6410 | 402 | |
| Feb,2021 | 891.75 | 390 | 3178 | 2711 | 6056 | 175 | -31 | 2953 | 6410 | 437 | |
| Mar,2021 | 891.75 | 379 | 3091 | 2711 | 6056 | 262 | -31 | 2953 | 6410 | 524 | |
| Apr,2021 | 894 | 376 | 3066 | 2711 | 6056 | 287 | -30 | 2953 | 6410 | 549 | |
| May,2021 | 894 | 378 | 3081 | 2711 | 6056 | 272 | -31 | 2953 | 6410 | 534 | |
| Soybean, Argentina | Aug | 888.25 | 400 | 3227 | 2882 | 6170 | 160 | -51 | 2953 | 6410 | 260 |
| 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%. | |||||||||||
