Today is 05/19/2024
| 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 | 913.75 | 417 | 3320 | 2897 | 6490 | 202 | 45 | 2887 | 6660 | 226 |
| Sep | 913.75 | 419 | 3336 | 2897 | 6490 | 186 | 6 | 2887 | 6660 | 210 | |
| Oct | 913.75 | 419 | 3340 | 2897 | 6490 | 182 | 3 | 2887 | 6660 | 206 | |
| Nov | 913.75 | 418 | 3339 | 2897 | 6490 | 183 | -5 | 2887 | 6660 | 207 | |
| Dec | 919.75 | 419 | 3353 | 2897 | 6490 | 169 | 9 | 2887 | 6660 | 193 | |
| Soybean, US PNW |
Oct | 913.75 | 414 | 3305 | 2897 | 6490 | 217 | 5 | 2887 | 6660 | 241 |
| Nov | 913.75 | 412 | 3295 | 2897 | 6490 | 227 | -2 | 2887 | 6660 | 251 | |
| Dec | 919.75 | 413 | 3307 | 2897 | 6490 | 215 | 16 | 2887 | 6660 | 239 | |
| Soybean, Brazil |
Aug | 913.75 | 422 | 3361 | 2897 | 6490 | 226 | 49 | 2887 | 6660 | 252 |
| Sep | 913.75 | 423 | 3367 | 2897 | 6490 | 220 | 1 | 2887 | 6660 | 246 | |
| Oct | 913.75 | 425 | 3387 | 2897 | 6490 | 200 | 4 | 2887 | 6660 | 226 | |
| Nov | 913.75 | 425 | 3400 | 2897 | 6490 | 187 | -3 | 2887 | 6660 | 213 | |
| Dec | 919.75 | 427 | 3412 | 2897 | 6490 | 175 | 16 | 2887 | 6660 | 201 | |
| Jan,2021 | 919.75 | 407 | 3272 | 2743 | 6346 | 37 | 7 | 2887 | 6660 | 208 | |
| Feb,2021 | 921.25 | 403 | 3242 | 2743 | 6346 | 67 | 10 | 2887 | 6660 | 238 | |
| Mar,2021 | 921.25 | 392 | 3155 | 2743 | 6346 | 154 | 18 | 2887 | 6660 | 325 | |
| Apr,2021 | 923 | 389 | 3131 | 2743 | 6346 | 178 | 22 | 2887 | 6660 | 349 | |
| May,2021 | 923 | 391 | 3148 | 2743 | 6346 | 161 | -7 | 2887 | 6660 | 332 | |
| Jun,2021 | 929.25 | 392 | 3158 | 2743 | 6346 | 151 | 0 | 2887 | 6660 | 322 | |
| Soybean, Argentina | Sep | 913.75 | 414 | 3301 | 2897 | 6490 | 156 | 2 | 2887 | 6660 | 179 |
| May,2021 | 929.25 | 383 | 3086 | 2743 | 6346 | 223 | 8 | 2887 | 6660 | 394 | |
| 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%. | |||||||||||
