Today is 05/16/2024
| 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 | 1143.25 | 513 | 3901 | 3219 | 7590 | 84 | -44 | 3248 | 7900 | 166 |
| Dec | 1152.5 | 514 | 3915 | 3219 | 7590 | 70 | -51 | 3248 | 7900 | 152 | |
| Jan | 1152.5 | 512 | 3910 | 3200 | 7250 | -5 | -23 | 3248 | 7900 | 157 | |
| Feb | 1151.5 | 511 | 3904 | 3200 | 7250 | 2 | -27 | 3248 | 7900 | 163 | |
| Soybean, US PNW |
Nov | 1143.25 | 512 | 3889 | 3219 | 7590 | 96 | -42 | 3248 | 7900 | 178 |
| Dec | 1152.5 | 514 | 3917 | 3219 | 7590 | 68 | -43 | 3248 | 7900 | 150 | |
| Jan | 1152.5 | 511 | 3905 | 3200 | 7250 | 1 | -19 | 3248 | 7900 | 162 | |
| Feb | 1151.5 | 509 | 3885 | 3200 | 7250 | 21 | -26 | 3248 | 7900 | 182 | |
| Soybean, Brazil |
Nov | 1143.25 | 528 | 4010 | 3219 | 7590 | 51 | -23 | 3248 | 7900 | 136 |
| Dec | 1152.5 | 531 | 4041 | 3219 | 7590 | 20 | -27 | 3248 | 7900 | 105 | |
| Jan | 1152.5 | 498 | 3807 | 3200 | 7250 | 171 | -2 | 3248 | 7900 | 339 | |
| Feb | 1151.5 | 494 | 3777 | 3200 | 7250 | 201 | 4 | 3248 | 7900 | 369 | |
| Mar | 1151.5 | 487 | 3741 | 3200 | 7250 | 237 | -20 | 3248 | 7900 | 405 | |
| Apr | 1148.25 | 481 | 3701 | 3200 | 7250 | 277 | -23 | 3248 | 7900 | 445 | |
| May | 1148.25 | 482 | 3708 | 3200 | 7250 | 270 | -12 | 3248 | 7900 | 438 | |
| Jun | 1144.25 | 482 | 3707 | 3214 | 6950 | 222 | -9 | 3248 | 7900 | 439 | |
| Jul | 1144.25 | 485 | 3724 | 3214 | 6950 | 205 | -3 | 3248 | 7900 | 422 | |
| Soybean, Argentina | Nov | 1143.25 | 516 | 3922 | 3219 | 7590 | -13 | -51 | 3248 | 7900 | 66 |
| May | 1144.25 | 480 | 3689 | 3200 | 7250 | 144 | -27 | 3248 | 7900 | 299 | |
| 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%. | |||||||||||
