Today is 12/26/2024
| 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 | 826 | 363 | 2965 | 2727 | 5378 | 211 | -7 | 2969 | 5550 | 435 |
| Jun | 832 | 364 | 2971 | 2727 | 5378 | 205 | 2 | 2969 | 5550 | 429 | |
| Jul | 832 | 364 | 2974 | 2727 | 5378 | 202 | 1 | 2969 | 5550 | 426 | |
| Oct | 839 | 371 | 3041 | 2765 | 5444 | 178 | -6 | 2969 | 5550 | 359 | |
| Soybean, PNW |
May | 826 | 361 | 2949 | 2727 | 5378 | 227 | -7 | 2969 | 5550 | 451 |
| Soybean, Brazil |
May | 826 | 349 | 2850 | 2727 | 5378 | 380 | -6 | 2969 | 5550 | 606 |
| Jun | 832 | 356 | 2915 | 2727 | 5378 | 315 | 3 | 2969 | 5550 | 541 | |
| Jul | 832 | 362 | 2961 | 2727 | 5378 | 269 | 2 | 2969 | 5550 | 495 | |
| Aug | 834.5 | 370 | 3026 | 2727 | 5378 | 204 | -1 | 2969 | 5550 | 430 | |
| Sep | 834.5 | 373 | 3057 | 2765 | 5444 | 216 | 0 | 2969 | 5550 | 399 | |
| Feb, 2021 | 832 | 347 | 2852 | 2765 | 5444 | 421 | -19 | 2969 | 5550 | 604 | |
| Mar, 2021 | 832 | 344 | 2824 | 2765 | 5444 | 449 | -20 | 2969 | 5550 | 632 | |
| Soybean, Argentina |
May | 832 | 348 | 2843 | 2727 | 5378 | 279 | -3 | 2969 | 5550 | 502 |
| Jun | 832 | 350 | 2864 | 2727 | 5378 | 258 | 1 | 2969 | 5550 | 481 | |
| 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 10:00 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%. | |||||||||||
