Today is 04/26/2024
| 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 |
May | 1539.75 | 652 | 4833 | 3477 | 9122 | -353 | -62 | 3486 | 9590 | -257 |
| Oct | 1341.5 | 596 | 4467 | 3577 | 8356 | -54 | -73 | 3486 | 9590 | 109 | |
| Nov | 1341.5 | 592 | 4440 | 3577 | 8356 | -27 | -73 | 3486 | 9590 | 136 | |
| Soybean, US PNW |
May | 1539.75 | 650 | 4818 | 3477 | 9122 | -338 | -62 | 3486 | 9590 | -242 |
| Oct | 1341.5 | 592 | 4440 | 3577 | 8356 | -27 | -73 | 3486 | 9590 | 136 | |
| Nov | 1341.5 | 588 | 4413 | 3577 | 8356 | 0 | -73 | 3486 | 9590 | 163 | |
| Soybean, Brazil |
Apr | 1539.75 | 615 | 4560 | 3477 | 9122 | 11 | -62 | 3486 | 9590 | 112 |
| May | 1539.75 | 617 | 4588 | 3477 | 9122 | -17 | -62 | 3486 | 9590 | 84 | |
| Jun | 1516 | 612 | 4563 | 3616 | 8620 | 18 | -54 | 3486 | 9590 | 109 | |
| Jul | 1516 | 617 | 4599 | 3616 | 8620 | -18 | -45 | 3486 | 9590 | 73 | |
| Aug | 1516 | 627 | 4696 | 3616 | 8620 | -115 | -78 | 3486 | 9590 | -24 | |
| Sep | 1516 | 631 | 4728 | 3616 | 8620 | -147 | -78 | 3486 | 9590 | -56 | |
| Feb | 1311.75 | 537 | 4039 | 3430 | 8266 | 324 | -53 | 3486 | 9590 | 633 | |
| Mar | 1311.75 | 529 | 3977 | 3430 | 8266 | 386 | -45 | 3486 | 9590 | 695 | |
| Soybean, Argentina | May | 1516 | 608 | 4523 | 3477 | 9122 | -134 | -59 | 3486 | 9590 | -43 |
| Jun | 1516 | 610 | 4537 | 3616 | 8620 | -129 | -52 | 3486 | 9590 | -57 | |
| Jul | 1516 | 612 | 4559 | 3616 | 8620 | -151 | -57 | 3486 | 9590 | -79 | |
| 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%. | |||||||||||
