Today is 10/26/2025
| Product | Delivery | CBOT | CNF China | Duty-paid | DCE SBM | DCE SBO | DCE Gross Margin |
Var. | SBM Spot | SBO Spot |
SCM |
| USD/MT | RMB/MT | ||||||||||
| Soybean, US Gulf | Mar | 891.25 | 389 | 3,915 | 2,666 | 5,466 | -770 | -38 | 2,840 | 5,630 | -602 |
| Apr | 891.25 | 389 | 3,916 | 2,666 | 5,466 | -771 | -45 | 2,840 | 5,630 | -603 | |
| May | 891.25 | 390 | 3,931 | 2,728 | 5,602 | -712 | -40 | 2,840 | 5,630 | -618 | |
| Soybean, | Mar | 891.25 | 386 | 3,889 | 2,666 | 5,466 | -744 | -39 | 2,840 | 5,630 | -576 |
| US PNW | Apr | 891.25 | 386 | 3,885 | 2,666 | 5,466 | -740 | -38 | 2,840 | 5,630 | -572 |
| Soybean, Brazil | Mar | 891.25 | 381 | 3,042 | 2,666 | 5,466 | 157 | -49 | 2,840 | 5,630 | 328 |
| Apr | 891.25 | 380 | 3,038 | 2,666 | 5,466 | 161 | -57 | 2,840 | 5,630 | 332 | |
| May | 891.25 | 378 | 3,028 | 2,728 | 5,602 | 248 | -35 | 2,840 | 5,630 | 342 | |
| Jun | 900 | 382 | 3,070 | 2,728 | 5,602 | 206 | -46 | 2,840 | 5,630 | 300 | |
| Jul | 900 | 384 | 3,084 | 2,728 | 5,602 | 192 | -37 | 2,840 | 5,630 | 286 | |
| Soybean, Argentina | May | 900 | 373 | 2,987 | 2,728 | 5,602 | 176 | -64 | 2,840 | 5,630 | 270 |
| Jun | 900 | 376 | 3,023 | 2,728 | 5,602 | 140 | -73 | 2,840 | 5,630 | 234 | |
| Remarks: | |||||||||||
| 1. SBM Spot: soybean meal spot price; SBO spot: soybean oil spot price, SCM: spot crushing margin. | |||||||||||
| 2. CBOT Price is the closing price last night, and DCE Price is the intraday price at about 11:12 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. U.S. soybean is posed with an additional tariff of 25% since July 6th, 2018.；U.S. soybean is posed with an additional tariff of 5% since Sept 1th, 2019. | |||||||||||