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Comparison of Commodity Prices in China with CME Quotations.

 04/13/2020

The relative prices expressed in US$ per short ton for corn, soybeans and soybean meal, June delivery, were downloaded from the Dalian Commodity Exchange website on Monday April 13th and compared with CME May delivery values at opening of trading (in parentheses) 

 

 

 

 

 

Commodity      Dalian CE              CME

Corn.                    $260*              ($119)

Soybeans.            $396                ($284)

Soybean Meal      $366                 ($289)

 

 

* short ton with exchange rate 7.05 yuan=US$1

 

It is evident that due to the higher price of feed, producers of both eggs and conventional broilers in China are at a disadvantage in production cost compared to the U.S. and Brazil