Today is 12/27/2024
| 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 | 848.75 | 374 | 3,803 | 2,783 | 5,278 | -602 | 154 | 2,878 | 5,290 | -524 |
| Apr | 848.75 | 374 | 3,808 | 2,783 | 5,278 | -607 | 156 | 2,878 | 5,290 | -529 | |
| May | 848.75 | 374 | 3,820 | 2,795 | 5,346 | -596 | 126 | 2,878 | 5,290 | -541 | |
| Soybean, | Mar | 848.75 | 370 | 3,768 | 2,783 | 5,278 | -567 | 155 | 2,878 | 5,290 | -489 |
| US PNW | Apr | 848.75 | 370 | 3,773 | 2,783 | 5,278 | -572 | 155 | 2,878 | 5,290 | -494 |
| Soybean, Brazil | Mar | 848.75 | 365 | 2,948 | 2,783 | 5,278 | 306 | 150 | 2,878 | 5,290 | 384 |
| Apr | 848.75 | 364 | 2,949 | 2,783 | 5,278 | 305 | 147 | 2,878 | 5,290 | 383 | |
| May | 848.75 | 364 | 2,946 | 2,795 | 5,346 | 331 | 124 | 2,878 | 5,290 | 386 | |
| Jun | 856 | 366 | 2,979 | 2,795 | 5,346 | 298 | 115 | 2,878 | 5,290 | 353 | |
| Jul | 856 | 369 | 3,004 | 2,795 | 5,346 | 273 | 116 | 2,878 | 5,290 | 328 | |
| Soybean, Argentina | May | 856 | 353 | 2,867 | 2,795 | 5,346 | 303 | 134 | 2,878 | 5,290 | 359 |
| Jun | 856 | 357 | 2,903 | 2,795 | 5,346 | 267 | 130 | 2,878 | 5,290 | 323 | |
| 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 1st, 2019. | |||||||||||