Today is 05/22/2024
| 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 |
Oct | 1057.25 | 490 | 3782 | 3205 | 7156 | 110 | 12 | 3256 | 7610 | 236 |
| Nov | 1057.25 | 489 | 3776 | 3205 | 7156 | 116 | 12 | 3256 | 7610 | 242 | |
| Dec | 1054.75 | 487 | 3769 | 3205 | 7156 | 123 | 1 | 3256 | 7610 | 249 | |
| Jan | 1054.75 | 483 | 3748 | 3035 | 6854 | -48 | 3 | 3256 | 7610 | 270 | |
| Feb | 1041.75 | 476 | 3697 | 3035 | 6854 | 3 | -5 | 3256 | 7610 | 321 | |
| Soybean, US PNW |
Oct | 1057.25 | 486 | 3752 | 3205 | 7156 | 140 | 12 | 3256 | 7610 | 266 |
| Nov | 1057.25 | 486 | 3752 | 3205 | 7156 | 140 | 12 | 3256 | 7610 | 266 | |
| Dec | 1054.75 | 480 | 3720 | 3205 | 7156 | 172 | 1 | 3256 | 7610 | 298 | |
| Jan | 1054.75 | 479 | 3719 | 3035 | 6854 | -19 | 3 | 3256 | 7610 | 299 | |
| Feb | 1041.75 | 473 | 3668 | 3035 | 6854 | 32 | -4 | 3256 | 7610 | 350 | |
| Soybean, Brazil |
Oct | 1057.25 | 504 | 3888 | 3205 | 7156 | 75 | 11 | 3256 | 7610 | 206 |
| Nov | 1057.25 | 504 | 3892 | 3205 | 7156 | 71 | 11 | 3256 | 7610 | 202 | |
| Dec | 1054.75 | 503 | 3889 | 3205 | 7156 | 74 | 0 | 3256 | 7610 | 205 | |
| Jan | 1054.75 | 473 | 3670 | 3035 | 6854 | 98 | 1 | 3256 | 7610 | 424 | |
| Feb | 1041.75 | 464 | 3603 | 3035 | 6854 | 165 | -6 | 3256 | 7610 | 491 | |
| Mar | 1041.75 | 451 | 3526 | 3035 | 6854 | 242 | -7 | 3256 | 7610 | 568 | |
| Apr | 1036.5 | 444 | 3472 | 3035 | 6854 | 296 | -12 | 3256 | 7610 | 622 | |
| May | 1036.5 | 445 | 3483 | 3035 | 6854 | 285 | -11 | 3256 | 7610 | 611 | |
| Jun | 1035.25 | 447 | 3493 | 3058 | 6662 | 255 | -5 | 3256 | 7610 | 601 | |
| Jul | 1035.25 | 450 | 3516 | 3058 | 6662 | 232 | -5 | 3256 | 7610 | 578 | |
| Soybean, Argentina | Oct | 1057.25 | 485 | 3744 | 3205 | 7156 | 76 | 13 | 3256 | 7610 | 198 |
| May | 1035.25 | 436 | 3411 | 3035 | 6854 | 220 | -12 | 3256 | 7610 | 531 | |
| 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%. | |||||||||||
