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 | 924.25 | 419 | 3323 | 2918 | 6510 | 219 | -2 | 2886 | 6620 | 215 |
| Sep | 924.25 | 420 | 3335 | 2918 | 6510 | 207 | -2 | 2886 | 6620 | 203 | |
| Oct | 924.25 | 421 | 3343 | 2918 | 6510 | 199 | -3 | 2886 | 6620 | 195 | |
| Nov | 924.25 | 421 | 3349 | 2918 | 6510 | 193 | -2 | 2886 | 6620 | 189 | |
| Dec | 930.25 | 421 | 3352 | 2918 | 6510 | 190 | 0 | 2886 | 6620 | 186 | |
| Soybean, US PNW |
Oct | 924.25 | 413 | 3284 | 2918 | 6510 | 258 | -3 | 2886 | 6620 | 254 |
| Nov | 924.25 | 413 | 3290 | 2918 | 6510 | 252 | -3 | 2886 | 6620 | 248 | |
| Dec | 930.25 | 415 | 3310 | 2918 | 6510 | 232 | 0 | 2886 | 6620 | 228 | |
| Soybean, Brazil |
Aug | 924.25 | 424 | 3365 | 2918 | 6510 | 242 | -1 | 2886 | 6620 | 239 |
| Sep | 924.25 | 427 | 3384 | 2918 | 6510 | 223 | -1 | 2886 | 6620 | 220 | |
| Oct | 924.25 | 430 | 3412 | 2918 | 6510 | 195 | -1 | 2886 | 6620 | 192 | |
| Nov | 924.25 | 430 | 3420 | 2918 | 6510 | 187 | -1 | 2886 | 6620 | 184 | |
| Dec | 930.25 | 433 | 3450 | 2918 | 6510 | 157 | 1 | 2886 | 6620 | 154 | |
| Jan,2021 | 930.25 | 411 | 3296 | 2766 | 6376 | 37 | 5 | 2886 | 6620 | 176 | |
| Feb,2021 | 932 | 405 | 3243 | 2766 | 6376 | 90 | 7 | 2886 | 6620 | 229 | |
| Mar,2021 | 932 | 395 | 3166 | 2766 | 6376 | 167 | 6 | 2886 | 6620 | 306 | |
| Apr,2021 | 934.75 | 392 | 3146 | 2766 | 6376 | 187 | 7 | 2886 | 6620 | 326 | |
| May,2021 | 934.75 | 395 | 3166 | 2766 | 6376 | 167 | 7 | 2886 | 6620 | 306 | |
| Jun,2021 | 939 | 396 | 3179 | 2766 | 6376 | 154 | 8 | 2886 | 6620 | 293 | |
| Soybean, Argentina | Sep | 924.25 | 418 | 3318 | 2918 | 6510 | 159 | -3 | 2886 | 6620 | 154 |
| May,2021 | 939 | 385 | 3093 | 2766 | 6376 | 240 | 16 | 2886 | 6620 | 379 | |
| 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 10:10 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%. | |||||||||||
