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 | 905.25 | 415 | 3302 | 2883 | 6378 | 187 | -1 | 2861 | 6590 | 210 |
| Sep | 905.25 | 416 | 3309 | 2883 | 6378 | 180 | 0 | 2861 | 6590 | 203 | |
| Oct | 905.25 | 416 | 3308 | 2883 | 6378 | 181 | 0 | 2861 | 6590 | 204 | |
| Nov | 905.25 | 414 | 3306 | 2883 | 6378 | 183 | 0 | 2861 | 6590 | 206 | |
| Dec | 911.75 | 416 | 3322 | 2883 | 6378 | 167 | -2 | 2861 | 6590 | 190 | |
| Soybean, US PNW |
Oct | 905.25 | 411 | 3271 | 2883 | 6378 | 218 | -1 | 2861 | 6590 | 241 |
| Nov | 905.25 | 409 | 3262 | 2883 | 6378 | 227 | 1 | 2861 | 6590 | 250 | |
| Dec | 911.75 | 411 | 3275 | 2883 | 6378 | 214 | -1 | 2861 | 6590 | 237 | |
| Soybean, Brazil |
Aug | 905.25 | 419 | 3328 | 2883 | 6378 | 225 | 0 | 2861 | 6590 | 250 |
| Sep | 905.25 | 420 | 3334 | 2883 | 6378 | 219 | 0 | 2861 | 6590 | 244 | |
| Oct | 905.25 | 422 | 3355 | 2883 | 6378 | 198 | 0 | 2861 | 6590 | 223 | |
| Nov | 905.25 | 422 | 3367 | 2883 | 6378 | 186 | 0 | 2861 | 6590 | 211 | |
| Dec | 911.75 | 424 | 3380 | 2883 | 6378 | 173 | 0 | 2861 | 6590 | 198 | |
| Jan,2021 | 911.75 | 404 | 3241 | 2739 | 6252 | 48 | 12 | 2861 | 6590 | 205 | |
| Feb,2021 | 913.75 | 400 | 3212 | 2739 | 6252 | 77 | 11 | 2861 | 6590 | 234 | |
| Mar,2021 | 913.75 | 389 | 3125 | 2739 | 6252 | 164 | 11 | 2861 | 6590 | 321 | |
| Apr,2021 | 917.25 | 387 | 3107 | 2739 | 6252 | 182 | 7 | 2861 | 6590 | 339 | |
| May,2021 | 917.25 | 389 | 3124 | 2739 | 6252 | 165 | 7 | 2861 | 6590 | 322 | |
| Jun,2021 | 923 | 391 | 3138 | 2739 | 6252 | 151 | 7 | 2861 | 6590 | 308 | |
| Soybean, Argentina | Sep | 905.25 | 412 | 3274 | 2883 | 6378 | 152 | -5 | 2861 | 6590 | 172 |
| May,2021 | 923 | 381 | 3060 | 2739 | 6252 | 229 | 7 | 2861 | 6590 | 386 | |
| 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%. | |||||||||||
