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 | 839.5 | 368 | 3015 | 2742 | 5320 | 162 | -39 | 2888 | 5580 | 327 |
| Jun | 839.5 | 367 | 3014 | 2742 | 5320 | 163 | -33 | 2888 | 5580 | 328 | |
| Jul | 839.5 | 369 | 3029 | 2742 | 5320 | 148 | -45 | 2888 | 5580 | 313 | |
| Oct | 846.5 | 376 | 3098 | 2783 | 5410 | 128 | -45 | 2888 | 5580 | 244 | |
| Soybean, PNW |
May | 839.5 | 366 | 2999 | 2742 | 5320 | 178 | -39 | 2888 | 5580 | 343 |
| Soybean, Brazil |
May | 839.5 | 354 | 2899 | 2742 | 5320 | 331 | -31 | 2888 | 5580 | 499 |
| Jun | 839.5 | 360 | 2954 | 2742 | 5320 | 276 | -41 | 2888 | 5580 | 444 | |
| Jul | 839.5 | 366 | 3008 | 2742 | 5320 | 222 | -71 | 2888 | 5580 | 390 | |
| Aug | 840.75 | 371 | 3045 | 2742 | 5320 | 185 | -73 | 2888 | 5580 | 353 | |
| Sep | 846.5 | 374 | 3081 | 2783 | 5410 | 200 | -25 | 2888 | 5580 | 317 | |
| Feb, 2021 | 838.25 | 353 | 2911 | 2783 | 5410 | 370 | -40 | 2888 | 5580 | 487 | |
| Mar, 2021 | 838.25 | 344 | 2839 | 2783 | 5410 | 442 | 4 | 2888 | 5580 | 559 | |
| Soybean, Argentina |
Jun | 839.5 | 355 | 2917 | 2742 | 5320 | 207 | -42 | 2888 | 5580 | 369 |
| 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%. | |||||||||||
