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 |
Jan | 1365.25 | 575 | 4254 | 3526 | 8150 | 80 | -27 | 3527 | 8950 | 233 |
| Feb | 1361.5 | 573 | 4246 | 3526 | 8150 | 88 | -20 | 3527 | 8950 | 241 | |
| Soybean, US PNW |
Jan | 1365.25 | 575 | 4254 | 3526 | 8150 | 80 | -50 | 3527 | 8950 | 233 |
| Feb | 1361.5 | 573 | 4244 | 3526 | 8150 | 90 | -46 | 3527 | 8950 | 243 | |
| Oct | 1153.25 | 507 | 3789 | 3482 | 7688 | 423 | -7 | 3527 | 8950 | 698 | |
| Soybean, Brazil |
Jan | 1361.5 | 568 | 4204 | 3526 | 8150 | 212 | -16 | 3527 | 8950 | 372 |
| Feb | 1361.5 | 560 | 4147 | 3526 | 8150 | 269 | -1 | 3527 | 8950 | 429 | |
| Mar | 1361.5 | 552 | 4094 | 3526 | 8150 | 322 | -9 | 3527 | 8950 | 482 | |
| Apr | 1360.25 | 551 | 4106 | 3526 | 8150 | 310 | -9 | 3527 | 8950 | 470 | |
| May | 1360.25 | 553 | 4121 | 3526 | 8150 | 295 | -18 | 3527 | 8950 | 455 | |
| Jun | 1347 | 554 | 4128 | 3560 | 7720 | 228 | -1 | 3527 | 8950 | 448 | |
| Jul | 1347 | 558 | 4162 | 3560 | 7720 | 194 | -3 | 3527 | 8950 | 414 | |
| Soybean, Argentina | May | 1347 | 551 | 4110 | 3526 | 8150 | 143 | -14 | 3527 | 8950 | 287 |
| 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%. | |||||||||||
