Product | Delivery | CBOT | Var. (¢/bu) |
Basis | FOB (USD/tonne) |
Freight (USD/tonne) |
CFR China (USD/tonne) |
Without Additional Tariff (CNY/tonne) | With Additional Tariff (CNY/tonne) |
Corn, US Gulf | Apr | 594 | 14 | 67 | 260 | 57 | 317 | 2382 | 2947 |
May | 594 | 14 | 64 | 259 | 57 | 316 | 2373 | 2936 | |
Jun | 579.5 | 13 | 83 | 261 | 57 | 318 | 2386 | 2952 | |
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference. 2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019; and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now. |