Today is 05/15/2024
| 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 | 1137 | 511 | 3891 | 3175 | 7568 | 55 | -29 | 3222 | 7850 | 146 |
| Dec | 1145.5 | 512 | 3904 | 3175 | 7568 | 42 | -28 | 3222 | 7850 | 133 | |
| Jan | 1145.5 | 510 | 3896 | 3163 | 7238 | -22 | -17 | 3222 | 7850 | 141 | |
| Feb | 1144.75 | 509 | 3892 | 3163 | 7238 | -18 | -20 | 3222 | 7850 | 145 | |
| Soybean, US PNW |
Nov | 1137 | 509 | 3878 | 3175 | 7568 | 68 | -28 | 3222 | 7850 | 159 |
| Dec | 1145.5 | 512 | 3905 | 3175 | 7568 | 41 | -27 | 3222 | 7850 | 132 | |
| Jan | 1145.5 | 509 | 3891 | 3163 | 7238 | -17 | -18 | 3222 | 7850 | 146 | |
| Feb | 1144.75 | 506 | 3873 | 3163 | 7238 | 1 | -20 | 3222 | 7850 | 164 | |
| Soybean, Brazil |
Nov | 1137 | 526 | 4000 | 3175 | 7568 | 22 | -29 | 3222 | 7850 | 115 |
| Dec | 1145.5 | 528 | 4030 | 3175 | 7568 | -8 | -28 | 3222 | 7850 | 85 | |
| Jan | 1145.5 | 496 | 3794 | 3163 | 7238 | 152 | -19 | 3222 | 7850 | 321 | |
| Feb | 1144.75 | 492 | 3764 | 3163 | 7238 | 182 | -19 | 3222 | 7850 | 351 | |
| Mar | 1144.75 | 484 | 3729 | 3163 | 7238 | 217 | -20 | 3222 | 7850 | 386 | |
| Apr | 1141 | 479 | 3688 | 3163 | 7238 | 258 | -19 | 3222 | 7850 | 427 | |
| May | 1141 | 480 | 3695 | 3163 | 7238 | 251 | -19 | 3222 | 7850 | 420 | |
| Jun | 1136 | 479 | 3691 | 3187 | 6946 | 216 | -6 | 3222 | 7850 | 424 | |
| Jul | 1136 | 482 | 3708 | 3187 | 6946 | 199 | -6 | 3222 | 7850 | 407 | |
| Soybean, Argentina | Nov | 1137 | 514 | 3911 | 3175 | 7568 | -41 | -28 | 3222 | 7850 | 47 |
| May | 1136 | 477 | 3673 | 3163 | 7238 | 129 | -15 | 3222 | 7850 | 285 | |
| 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%. | |||||||||||
