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 | 914 | 419 | 3337 | 2901 | 6488 | 188 | -14 | 2871 | 6690 | 202 |
| Sep | 914 | 420 | 3345 | 2901 | 6488 | 180 | -6 | 2871 | 6690 | 194 | |
| Oct | 914 | 419 | 3344 | 2901 | 6488 | 181 | -1 | 2871 | 6690 | 195 | |
| Nov | 914 | 418 | 3342 | 2901 | 6488 | 183 | 0 | 2871 | 6690 | 197 | |
| Dec | 920 | 419 | 3356 | 2901 | 6488 | 169 | 0 | 2871 | 6690 | 183 | |
| Soybean, US PNW |
Oct | 914 | 414 | 3306 | 2901 | 6488 | 219 | 2 | 2871 | 6690 | 233 |
| Nov | 914 | 412 | 3299 | 2901 | 6488 | 226 | -1 | 2871 | 6690 | 240 | |
| Dec | 920 | 414 | 3310 | 2901 | 6488 | 215 | 0 | 2871 | 6690 | 229 | |
| Soybean, Brazil |
Aug | 914 | 422 | 3364 | 2901 | 6488 | 225 | -1 | 2871 | 6690 | 242 |
| Sep | 914 | 423 | 3370 | 2901 | 6488 | 219 | -1 | 2871 | 6690 | 236 | |
| Oct | 914 | 425 | 3391 | 2901 | 6488 | 198 | -2 | 2871 | 6690 | 215 | |
| Nov | 914 | 425 | 3403 | 2901 | 6488 | 186 | -1 | 2871 | 6690 | 203 | |
| Dec | 920 | 427 | 3416 | 2901 | 6488 | 173 | -2 | 2871 | 6690 | 190 | |
| Jan,2021 | 920 | 407 | 3276 | 2745 | 6352 | 36 | -1 | 2871 | 6690 | 196 | |
| Feb,2021 | 921.75 | 403 | 3246 | 2745 | 6352 | 66 | -1 | 2871 | 6690 | 226 | |
| Mar,2021 | 921.75 | 392 | 3159 | 2745 | 6352 | 153 | -1 | 2871 | 6690 | 313 | |
| Apr,2021 | 924 | 389 | 3137 | 2745 | 6352 | 175 | -3 | 2871 | 6690 | 335 | |
| May,2021 | 924 | 391 | 3154 | 2745 | 6352 | 158 | -3 | 2871 | 6690 | 318 | |
| Jun,2021 | 929.75 | 393 | 3168 | 2745 | 6352 | 144 | -7 | 2871 | 6690 | 304 | |
| Soybean, Argentina | Sep | 914 | 414 | 3303 | 2901 | 6488 | 157 | 1 | 2871 | 6690 | 169 |
| May,2021 | 929.75 | 383 | 3090 | 2745 | 6352 | 222 | -1 | 2871 | 6690 | 382 | |
| 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%. | |||||||||||
