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 |
Mar | 1392.5 | 598 | 4434 | 3355 | 8790 | -113 | -69 | 3648 | 9870 | 323 |
| Oct | 1219.25 | 553 | 4150 | 3370 | 7642 | -36 | -70 | 3648 | 9870 | 607 | |
| Nov | 1219.25 | 551 | 4140 | 3370 | 7642 | -26 | 3648 | 9870 | 617 | ||
| Soybean, US PNW |
Mar | 1392.5 | 596 | 4422 | 3355 | 8790 | -101 | -96 | 3648 | 9870 | 335 |
| Oct | 1219.25 | 547 | 4105 | 3370 | 7642 | 9 | -80 | 3648 | 9870 | 652 | |
| Soybean, Brazil |
Mar | 1392.5 | 572 | 4247 | 3355 | 8790 | 161 | -66 | 3648 | 9870 | 609 |
| Apr | 1391.25 | 566 | 4213 | 3355 | 8790 | 195 | -64 | 3648 | 9870 | 643 | |
| May | 1391.25 | 566 | 4221 | 3355 | 8790 | 187 | -60 | 3648 | 9870 | 635 | |
| Jun | 1381 | 568 | 4262 | 3406 | 7940 | 17 | -70 | 3648 | 9870 | 594 | |
| Jul | 1381 | 572 | 4289 | 3406 | 7940 | -10 | -70 | 3648 | 9870 | 567 | |
| Aug | 1381 | 576 | 4317 | 3406 | 7940 | -38 | -70 | 3648 | 9870 | 539 | |
| Soybean, Argentina | May | 1381 | 568 | 4237 | 3355 | 8790 | -4 | -63 | 3648 | 9870 | 422 |
| 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%. | |||||||||||
