Today is 05/05/2024
| 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 | 1414.25 | 611 | 4582 | 3325 | 8884 | -267 | -14 | 3289 | 9950 | -93 |
| Oct | 1214.75 | 551 | 4187 | 3308 | 7990 | -56 | 3 | 3289 | 9950 | 302 | |
| Nov | 1214.75 | 545 | 4146 | 3308 | 7990 | -15 | 3 | 3289 | 9950 | 343 | |
| Soybean, US PNW |
Mar | 1414.25 | 610 | 4569 | 3325 | 8884 | -254 | -16 | 3289 | 9950 | -80 |
| Oct | 1214.75 | 547 | 4160 | 3308 | 7990 | -29 | 1 | 3289 | 9950 | 329 | |
| Nov | 1214.75 | 542 | 4119 | 3308 | 7990 | 12 | 1 | 3289 | 9950 | 370 | |
| Soybean, Brazil |
Mar | 1414.25 | 577 | 4327 | 3325 | 8884 | 77 | -20 | 3289 | 9950 | 261 |
| Apr | 1414.25 | 571 | 4296 | 3325 | 8884 | 108 | -19 | 3289 | 9950 | 292 | |
| May | 1414.25 | 571 | 4305 | 3325 | 8884 | 99 | -17 | 3289 | 9950 | 283 | |
| Jun | 1404.5 | 574 | 4329 | 3417 | 8222 | 15 | -10 | 3289 | 9950 | 259 | |
| Jul | 1404.5 | 578 | 4388 | 3417 | 8222 | -44 | -2 | 3289 | 9950 | 200 | |
| Aug | 1404.5 | 582 | 4421 | 3417 | 8222 | -77 | -2 | 3289 | 9950 | 167 | |
| Sep | 1404.5 | 589 | 4473 | 3417 | 8222 | -129 | -1 | 3289 | 9950 | 115 | |
| Soybean, Argentina | May | 1404.5 | 573 | 4320 | 3325 | 8884 | -94 | -8 | 3289 | 9950 | 69 |
| June | 1404.5 | 576 | 4339 | 3417 | 8222 | -160 | -2 | 3289 | 9950 | 50 | |
| July | 1404.5 | 578 | 4393 | 3417 | 8222 | -214 | -5 | 3289 | 9950 | -4 | |
| 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%. | |||||||||||
