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 |
Nov | 1098.5 | 501 | 3790 | 3216 | 7564 | 188 | -17 | 3269 | 7830 | 280 |
| Dec | 1101.5 | 499 | 3784 | 3216 | 7564 | 194 | -20 | 3269 | 7830 | 286 | |
| Jan | 1101.5 | 495 | 3763 | 3119 | 7242 | 77 | 4 | 3269 | 7830 | 307 | |
| Feb | 1099.25 | 493 | 3752 | 3119 | 7242 | 88 | -7 | 3269 | 7830 | 318 | |
| Soybean, US PNW |
Nov | 1098.5 | 497 | 3764 | 3216 | 7564 | 214 | -17 | 3269 | 7830 | 306 |
| Dec | 1101.5 | 497 | 3775 | 3216 | 7564 | 203 | -21 | 3269 | 7830 | 295 | |
| Jan | 1101.5 | 496 | 3769 | 3119 | 7242 | 71 | 4 | 3269 | 7830 | 301 | |
| Feb | 1099.25 | 493 | 3747 | 3119 | 7242 | 93 | -7 | 3269 | 7830 | 323 | |
| Soybean, Brazil |
Nov | 1098.5 | 515 | 3899 | 3216 | 7564 | 154 | -17 | 3269 | 7830 | 250 |
| Dec | 1101.5 | 516 | 3912 | 3216 | 7564 | 141 | -20 | 3269 | 7830 | 237 | |
| Jan | 1101.5 | 489 | 3716 | 3119 | 7242 | 196 | 3 | 3269 | 7830 | 433 | |
| Feb | 1099.25 | 481 | 3664 | 3119 | 7242 | 248 | -7 | 3269 | 7830 | 485 | |
| Mar | 1099.25 | 468 | 3582 | 3119 | 7242 | 330 | -8 | 3269 | 7830 | 567 | |
| Apr | 1097 | 462 | 3542 | 3119 | 7242 | 370 | -13 | 3269 | 7830 | 607 | |
| May | 1097 | 465 | 3563 | 3119 | 7242 | 349 | -13 | 3269 | 7830 | 586 | |
| Jun | 1094.75 | 465 | 3561 | 3129 | 6890 | 289 | -19 | 3269 | 7830 | 588 | |
| Jul | 1094.75 | 468 | 3584 | 3129 | 6890 | 266 | -19 | 3269 | 7830 | 565 | |
| Soybean, Argentina | Nov | 1098.5 | 500 | 3783 | 3216 | 7564 | 119 | -18 | 3269 | 7830 | 209 |
| May | 1094.75 | 463 | 3548 | 3119 | 7242 | 220 | -15 | 3269 | 7830 | 444 | |
| 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%. | |||||||||||
