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 | 1400.5 | 606 | 4545 | 3314 | 8692 | -275 | -8 | 3294 | 9470 | -143 |
| Oct | 1207.25 | 548 | 4167 | 3296 | 7790 | -83 | -27 | 3294 | 9470 | 235 | |
| Nov | 1207.25 | 543 | 4126 | 3296 | 7790 | -42 | -27 | 3294 | 9470 | 276 | |
| Soybean, US PNW |
Mar | 1400.5 | 605 | 4532 | 3314 | 8692 | -262 | -8 | 3294 | 9470 | -130 |
| Oct | 1207.25 | 545 | 4140 | 3296 | 7790 | -56 | -27 | 3294 | 9470 | 262 | |
| Nov | 1207.25 | 539 | 4099 | 3296 | 7790 | -15 | -27 | 3294 | 9470 | 303 | |
| Soybean, Brazil |
Mar | 1400.5 | 572 | 4290 | 3314 | 8692 | 66 | -11 | 3294 | 9470 | 206 |
| Apr | 1400.5 | 566 | 4259 | 3314 | 8692 | 97 | -11 | 3294 | 9470 | 237 | |
| May | 1400.5 | 566 | 4268 | 3314 | 8692 | 88 | -11 | 3294 | 9470 | 228 | |
| Jun | 1391.25 | 570 | 4299 | 3407 | 8012 | -5 | -20 | 3294 | 9470 | 197 | |
| Jul | 1391.25 | 573 | 4352 | 3407 | 8012 | -58 | -14 | 3294 | 9470 | 144 | |
| Aug | 1391.25 | 577 | 4385 | 3407 | 8012 | -91 | -14 | 3294 | 9470 | 111 | |
| Sep | 1391.25 | 584 | 4438 | 3407 | 8012 | -144 | -15 | 3294 | 9470 | 58 | |
| Soybean, Argentina | May | 1391.25 | 568 | 4285 | 3314 | 8692 | -102 | -8 | 3294 | 9470 | 22 |
| June | 1391.25 | 571 | 4304 | 3407 | 8012 | -170 | -10 | 3294 | 9470 | 3 | |
| July | 1391.25 | 574 | 4357 | 3407 | 8012 | -223 | -9 | 3294 | 9470 | -50 | |
| 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%. | |||||||||||
