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 |
Aug | 878 | 405 | 3247 | 2838 | 6328 | 197 | -17 | 2901 | 6490 | 278 |
| Sep | 878 | 405 | 3253 | 2868 | 6298 | 209 | -6 | 2901 | 6490 | 272 | |
| Oct | 878 | 405 | 3259 | 2868 | 6298 | 203 | -5 | 2901 | 6490 | 266 | |
| Nov | 878 | 406 | 3265 | 2868 | 6298 | 197 | -6 | 2901 | 6490 | 260 | |
| Dec | 884.5 | 409 | 3309 | 2868 | 6298 | 153 | -7 | 2901 | 6490 | 216 | |
| Soybean, US PNW |
Oct | 878 | 399 | 3212 | 2868 | 6298 | 250 | -6 | 2901 | 6490 | 313 |
| Nov | 878 | 399 | 3215 | 2868 | 6298 | 247 | -6 | 2901 | 6490 | 310 | |
| Dec | 884.5 | 401 | 3247 | 2868 | 6298 | 215 | -8 | 2901 | 6490 | 278 | |
| Soybean, Brazil |
Aug | 878 | 411 | 3297 | 2838 | 6328 | 211 | -16 | 2901 | 6490 | 293 |
| Sep | 878 | 411 | 3303 | 2868 | 6298 | 222 | -5 | 2901 | 6490 | 287 | |
| Oct | 878 | 412 | 3318 | 2868 | 6298 | 207 | -5 | 2901 | 6490 | 272 | |
| Nov | 878 | 413 | 3320 | 2868 | 6298 | 205 | -5 | 2901 | 6490 | 270 | |
| Dec | 884.5 | 414 | 3350 | 2868 | 6298 | 175 | -6 | 2901 | 6490 | 240 | |
| Jan,2021 | 884.5 | 391 | 3171 | 2701 | 6190 | 201 | -10 | 2901 | 6490 | 419 | |
| Feb,2021 | 887 | 388 | 3150 | 2701 | 6190 | 222 | -12 | 2901 | 6490 | 440 | |
| Mar,2021 | 887 | 381 | 3088 | 2701 | 6190 | 284 | -12 | 2901 | 6490 | 502 | |
| Apr,2021 | 891.25 | 378 | 3064 | 2701 | 6190 | 308 | -10 | 2901 | 6490 | 526 | |
| May,2021 | 891.25 | 379 | 3075 | 2701 | 6190 | 297 | -10 | 2901 | 6490 | 515 | |
| Jun,2021 | 898.5 | 382 | 3099 | 2701 | 6190 | 273 | -10 | 2901 | 6490 | 491 | |
| Soybean, Argentina | Sep | 878 | 400 | 3214 | 2868 | 6298 | 185 | -6 | 2901 | 6490 | 246 |
| May,2021 | 898.5 | 371 | 3008 | 2701 | 6190 | 240 | -17 | 2901 | 6490 | 452 | |
| 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%. | |||||||||||
