Today is 05/04/2024
| 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 |
Sep | 954.75 | 433 | 3410 | 2938 | 6660 | 176 | -10 | 2899 | 6840 | 180 |
| Oct | 954.75 | 433 | 3417 | 2938 | 6660 | 169 | -11 | 2899 | 6840 | 173 | |
| Nov | 954.75 | 433 | 3421 | 2938 | 6660 | 165 | -10 | 2899 | 6840 | 169 | |
| Dec | 961 | 432 | 3413 | 2938 | 6660 | 173 | -10 | 2899 | 6840 | 177 | |
| Soybean, US PNW |
Oct | 954.75 | 426 | 3358 | 2938 | 6660 | 228 | -10 | 2899 | 6840 | 232 |
| Nov | 954.75 | 425 | 3362 | 2938 | 6660 | 224 | -10 | 2899 | 6840 | 228 | |
| Dec | 961 | 427 | 3377 | 2938 | 6660 | 209 | -10 | 2899 | 6840 | 213 | |
| Soybean, Brazil |
Sep | 954.75 | 452 | 3554 | 2938 | 6660 | 99 | -9 | 2899 | 6840 | 104 |
| Oct | 954.75 | 451 | 3554 | 2938 | 6660 | 99 | -10 | 2899 | 6840 | 104 | |
| Nov | 954.75 | 450 | 3554 | 2938 | 6660 | 99 | -9 | 2899 | 6840 | 104 | |
| Dec | 961 | 451 | 3564 | 2938 | 6660 | 89 | -9 | 2899 | 6840 | 94 | |
| Jan,2021 | 961 | 423 | 3362 | 2800 | 6516 | 23 | -5 | 2899 | 6840 | 159 | |
| Feb,2021 | 961.75 | 414 | 3292 | 2800 | 6516 | 93 | -7 | 2899 | 6840 | 229 | |
| Mar,2021 | 961.75 | 406 | 3230 | 2800 | 6516 | 155 | -7 | 2899 | 6840 | 291 | |
| Apr,2021 | 963 | 403 | 3206 | 2800 | 6516 | 179 | -8 | 2899 | 6840 | 315 | |
| May,2021 | 963 | 405 | 3220 | 2800 | 6516 | 165 | -8 | 2899 | 6840 | 301 | |
| Jun,2021 | 965.75 | 406 | 3234 | 2800 | 6516 | 151 | -10 | 2899 | 6840 | 287 | |
| Soybean, Argentina | Sep | 954.75 | 430 | 3387 | 2938 | 6660 | 133 | -15 | 2899 | 6840 | 134 |
| May,2021 | 965.75 | 395 | 3148 | 2800 | 6516 | 237 | -9 | 2899 | 6840 | 373 | |
| 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%. | |||||||||||
