Today is 10/25/2025
| 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 | 832.5 | 366 | 3002 | 2754 | 5366 | 193 | 31 | 2829 | 5510 | 280 |
| Jun | 832.5 | 365 | 3002 | 2754 | 5366 | 193 | 30 | 2829 | 5510 | 280 | |
| Jul | 832.5 | 366 | 3017 | 2754 | 5366 | 178 | 30 | 2829 | 5510 | 265 | |
| Oct | 839.25 | 374 | 3086 | 2798 | 5446 | 159 | 31 | 2829 | 5510 | 196 | |
| Soybean, PNW |
May | 832.5 | 364 | 2986 | 2754 | 5366 | 209 | 31 | 2829 | 5510 | 296 |
| Soybean, Brazil |
May | 832.5 | 351 | 2886 | 2754 | 5366 | 363 | 32 | 2829 | 5510 | 451 |
| Jun | 832.5 | 357 | 2942 | 2754 | 5366 | 307 | 31 | 2829 | 5510 | 395 | |
| Jul | 832.5 | 363 | 2990 | 2754 | 5366 | 259 | 37 | 2829 | 5510 | 347 | |
| Aug | 834 | 368 | 3028 | 2754 | 5366 | 221 | 36 | 2829 | 5510 | 309 | |
| Sep | 839.25 | 372 | 3068 | 2798 | 5446 | 232 | 32 | 2829 | 5510 | 269 | |
| Feb, 2021 | 830 | 350 | 2895 | 2798 | 5446 | 405 | 35 | 2829 | 5510 | 442 | |
| Mar, 2021 | 830 | 341 | 2823 | 2798 | 5446 | 477 | 35 | 2829 | 5510 | 514 | |
| Soybean, Argentina |
Jun | 832.5 | 353 | 2904 | 2754 | 5366 | 238 | 31 | 2829 | 5510 | 323 |
| 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%. | |||||||||||
