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 | 855 | 369 | 3020 | 2728 | 5340 | 150 | -69 | 2786 | 5500 | 226 |
| Jun | 855 | 369 | 3025 | 2728 | 5340 | 145 | -68 | 2786 | 5500 | 221 | |
| Jul | 855 | 372 | 3060 | 2728 | 5340 | 110 | -69 | 2786 | 5500 | 186 | |
| Oct | 858.5 | 379 | 3121 | 2801 | 5452 | 128 | -58 | 2786 | 5500 | 125 | |
| Soybean, PNW |
May | 855 | 372 | 3046 | 2728 | 5340 | 124 | -68 | 2786 | 5500 | 200 |
| Soybean, Brazil |
May | 855 | 359 | 2944 | 2728 | 5340 | 279 | -69 | 2786 | 5500 | 357 |
| Jun | 855 | 363 | 2984 | 2728 | 5340 | 239 | -69 | 2786 | 5500 | 317 | |
| Jul | 855 | 368 | 3023 | 2728 | 5340 | 200 | -70 | 2786 | 5500 | 278 | |
| Aug | 855.75 | 373 | 3066 | 2728 | 5340 | 157 | -67 | 2786 | 5500 | 235 | |
| Sep | 858.5 | 378 | 3112 | 2801 | 5452 | 191 | -59 | 2786 | 5500 | 189 | |
| Feb, 2021 | 844.75 | 353 | 2914 | 2801 | 5452 | 389 | -60 | 2786 | 5500 | 387 | |
| Mar, 2021 | 844.75 | 348 | 2871 | 2801 | 5452 | 432 | -60 | 2786 | 5500 | 430 | |
| Soybean, Argentina |
Jun | 855 | 360 | 2955 | 2728 | 5340 | 161 | -67 | 2786 | 5500 | 236 |
| 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%. | |||||||||||
