Today is 04/25/2024
| 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 | 1372.5 | 578 | 4287 | 3624 | 7594 | 19 | -73 | 3873 | 8900 | 464 |
| Feb | 1372.5 | 577 | 4291 | 3624 | 7594 | 15 | -75 | 3873 | 8900 | 460 | |
| Soybean, US PNW |
Jan | 1372.5 | 576 | 4274 | 3624 | 7594 | 32 | -60 | 3873 | 8900 | 477 |
| Feb | 1372.5 | 577 | 4288 | 3624 | 7594 | 18 | -75 | 3873 | 8900 | 463 | |
| Oct | 1155 | 507 | 3802 | 3532 | 7480 | 409 | -3 | 3873 | 8900 | 949 | |
| Soybean, Brazil |
Jan | 1372.5 | 568 | 4215 | 3624 | 7594 | 167 | -75 | 3873 | 8900 | 625 |
| Feb | 1372.5 | 562 | 4181 | 3624 | 7594 | 201 | -90 | 3873 | 8900 | 659 | |
| Mar | 1372.5 | 555 | 4136 | 3624 | 7594 | 246 | -81 | 3873 | 8900 | 704 | |
| Apr | 1370 | 555 | 4153 | 3624 | 7594 | 229 | -90 | 3873 | 8900 | 687 | |
| May | 1370 | 555 | 4152 | 3624 | 7594 | 230 | -91 | 3873 | 8900 | 688 | |
| Jun | 1358.25 | 554 | 4147 | 3619 | 7506 | 213 | -23 | 3873 | 8900 | 693 | |
| Jul | 1358.25 | 562 | 4202 | 3619 | 7506 | 158 | -23 | 3873 | 8900 | 638 | |
| Soybean, Argentina | May | 1358.25 | 555 | 4156 | 3624 | 7594 | 74 | -78 | 3873 | 8900 | 506 |
| 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%. | |||||||||||
