Today is 04/27/2024
| 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 | 1383.75 | 597 | 4416 | 3492 | 8430 | -56 | -30 | 3721 | 9320 | 294 |
| Oct | 1211.75 | 548 | 4108 | 3406 | 7618 | 30 | -42 | 3721 | 9320 | 602 | |
| Soybean, US PNW |
Feb | 1383.75 | 590 | 4366 | 3492 | 8430 | -6 | -33 | 3721 | 9320 | 344 |
| Oct | 1211.75 | 541 | 4055 | 3406 | 7618 | 83 | -45 | 3721 | 9320 | 655 | |
| Soybean, Brazil |
Feb | 1383.75 | 586 | 4336 | 3492 | 8430 | 109 | -31 | 3721 | 9320 | 468 |
| Mar | 1383.75 | 572 | 4244 | 3492 | 8430 | 201 | -30 | 3721 | 9320 | 560 | |
| Apr | 1387.5 | 571 | 4247 | 3492 | 8430 | 198 | -34 | 3721 | 9320 | 557 | |
| May | 1387.5 | 571 | 4280 | 3492 | 8430 | 165 | -35 | 3721 | 9320 | 524 | |
| Jun | 1377 | 568 | 4257 | 3523 | 7726 | 71 | -33 | 3721 | 9320 | 547 | |
| Jul | 1377 | 574 | 4297 | 3523 | 7726 | 31 | -33 | 3721 | 9320 | 507 | |
| Soybean, Argentina | May | 1377 | 571 | 4274 | 3492 | 8430 | 2 | -40 | 3721 | 9320 | 343 |
| 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%. | |||||||||||
