Today is 04/29/2024
| 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 |
Feb | 1372.5 | 582 | 4321 | 3488 | 7676 | -107 | 33 | 3711 | 8530 | 231 |
| Oct | 1160.25 | 522 | 3922 | 3339 | 6990 | 44 | 9 | 3711 | 8530 | 630 | |
| Soybean, US PNW |
Feb | 1372.5 | 580 | 4301 | 3488 | 7676 | -87 | 47 | 3711 | 8530 | 251 |
| Oct | 1160.25 | 519 | 3903 | 3339 | 6990 | 63 | 9 | 3711 | 8530 | 649 | |
| Soybean, Brazil |
Feb | 1372.5 | 567 | 4208 | 3488 | 7676 | 83 | 35 | 3711 | 8530 | 430 |
| Mar | 1372.5 | 556 | 4137 | 3488 | 7676 | 154 | 69 | 3711 | 8530 | 501 | |
| Apr | 1369.25 | 552 | 4117 | 3488 | 7676 | 174 | 85 | 3711 | 8530 | 521 | |
| May | 1369.25 | 553 | 4153 | 3488 | 7676 | 138 | 87 | 3711 | 8530 | 485 | |
| Jun | 1349.5 | 557 | 4182 | 3516 | 7104 | 16 | 33 | 3711 | 8530 | 456 | |
| Jul | 1349.5 | 562 | 4214 | 3516 | 7104 | -16 | 25 | 3711 | 8530 | 424 | |
| Soybean, Argentina | May | 1349.5 | 557 | 4181 | 3488 | 7676 | -44 | 23 | 3711 | 8530 | 286 |
| 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%. | |||||||||||
