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 | 1385.75 | 583 | 4325 | 3546 | 7616 | -77 | -45 | 3970 | 8590 | 443 |
| Feb | 1385.75 | 583 | 4333 | 3546 | 7616 | -85 | -46 | 3970 | 8590 | 435 | |
| Soybean, US PNW |
Jan | 1385.75 | 581 | 4312 | 3546 | 7616 | -64 | -53 | 3970 | 8590 | 456 |
| Feb | 1385.75 | 581 | 4321 | 3546 | 7616 | -73 | -55 | 3970 | 8590 | 447 | |
| Oct | 1188.75 | 519 | 3898 | 3394 | 7088 | 130 | -66 | 3970 | 8590 | 870 | |
| Soybean, Brazil |
Jan | 1385.75 | 581 | 4313 | 3546 | 7616 | 12 | -40 | 3970 | 8590 | 541 |
| Feb | 1385.75 | 570 | 4240 | 3546 | 7616 | 85 | -49 | 3970 | 8590 | 614 | |
| Mar | 1385.75 | 562 | 4192 | 3546 | 7616 | 133 | -45 | 3970 | 8590 | 662 | |
| Apr | 1383.25 | 561 | 4202 | 3546 | 7616 | 123 | -46 | 3970 | 8590 | 652 | |
| May | 1383.25 | 562 | 4213 | 3546 | 7616 | 112 | -37 | 3970 | 8590 | 641 | |
| Jun | 1369.25 | 562 | 4208 | 3567 | 7180 | 46 | -29 | 3970 | 8590 | 646 | |
| Jul | 1369.25 | 566 | 4237 | 3567 | 7180 | 17 | -29 | 3970 | 8590 | 617 | |
| Soybean, Argentina | May | 1369.25 | 561 | 4205 | 3546 | 7616 | -33 | -36 | 3970 | 8590 | 478 |
| 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%. | |||||||||||
