Today is 05/06/2024
| 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 | 942 | 429 | 3398 | 2948 | 6654 | 195 | -24 | 2871 | 6690 | 141 |
| Sep | 942 | 429 | 3396 | 2948 | 6654 | 197 | -10 | 2871 | 6690 | 143 | |
| Oct | 942 | 430 | 3412 | 2948 | 6654 | 181 | -18 | 2871 | 6690 | 127 | |
| Nov | 942 | 429 | 3411 | 2948 | 6654 | 182 | -11 | 2871 | 6690 | 128 | |
| Dec | 947.5 | 427 | 3393 | 2948 | 6654 | 200 | 10 | 2871 | 6690 | 146 | |
| Soybean, US PNW |
Oct | 942 | 422 | 3350 | 2948 | 6654 | 243 | -15 | 2871 | 6690 | 189 |
| Nov | 942 | 422 | 3355 | 2948 | 6654 | 238 | -14 | 2871 | 6690 | 184 | |
| Dec | 947.5 | 423 | 3362 | 2948 | 6654 | 231 | -1 | 2871 | 6690 | 177 | |
| Soybean, Brazil |
Aug | 942 | 433 | 3431 | 2948 | 6654 | 229 | -13 | 2871 | 6690 | 175 |
| Sep | 942 | 433 | 3430 | 2948 | 6654 | 230 | 7 | 2871 | 6690 | 176 | |
| Oct | 942 | 436 | 3459 | 2948 | 6654 | 201 | 6 | 2871 | 6690 | 147 | |
| Nov | 942 | 436 | 3466 | 2948 | 6654 | 194 | 7 | 2871 | 6690 | 140 | |
| Dec | 947.5 | 440 | 3494 | 2948 | 6654 | 166 | 9 | 2871 | 6690 | 112 | |
| Jan,2021 | 947.5 | 418 | 3341 | 2791 | 6510 | 36 | -1 | 2871 | 6690 | 131 | |
| Feb,2021 | 947.5 | 409 | 3269 | 2791 | 6510 | 108 | 18 | 2871 | 6690 | 203 | |
| Mar,2021 | 947.5 | 400 | 3201 | 2791 | 6510 | 176 | 9 | 2871 | 6690 | 271 | |
| Apr,2021 | 948 | 396 | 3175 | 2791 | 6510 | 202 | 15 | 2871 | 6690 | 297 | |
| May,2021 | 948 | 398 | 3186 | 2791 | 6510 | 191 | 24 | 2871 | 6690 | 286 | |
| Jun,2021 | 951 | 401 | 3209 | 2791 | 6510 | 168 | 14 | 2871 | 6690 | 263 | |
| Soybean, Argentina | Sep | 942 | 425 | 3364 | 2948 | 6654 | 163 | 4 | 2871 | 6690 | 108 |
| May,2021 | 951 | 390 | 3123 | 2791 | 6510 | 254 | 14 | 2871 | 6690 | 349 | |
| 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%. | |||||||||||
