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 | 852 | 367 | 3005 | 2730 | 5322 | 163 | 13 | 2755 | 5450 | 207 |
| Jun | 852 | 367 | 3014 | 2730 | 5322 | 154 | 9 | 2755 | 5450 | 198 | |
| Jul | 852 | 371 | 3044 | 2730 | 5322 | 124 | 14 | 2755 | 5450 | 168 | |
| Oct | 857 | 378 | 3114 | 2806 | 5430 | 134 | 6 | 2755 | 5450 | 98 | |
| Soybean, PNW |
May | 852 | 371 | 3031 | 2730 | 5322 | 137 | 13 | 2755 | 5450 | 181 |
| Soybean, Brazil |
May | 852 | 358 | 2930 | 2730 | 5322 | 291 | 12 | 2755 | 5450 | 336 |
| Jun | 852 | 361 | 2961 | 2730 | 5322 | 260 | 21 | 2755 | 5450 | 305 | |
| Jul | 852 | 365 | 2996 | 2730 | 5322 | 225 | 25 | 2755 | 5450 | 270 | |
| Aug | 853.5 | 371 | 3042 | 2730 | 5322 | 179 | 22 | 2755 | 5450 | 224 | |
| Sep | 857 | 376 | 3094 | 2806 | 5430 | 209 | 18 | 2755 | 5450 | 172 | |
| Feb, 2021 | 844 | 353 | 2909 | 2806 | 5430 | 394 | 5 | 2755 | 5450 | 357 | |
| Mar, 2021 | 844 | 347 | 2866 | 2806 | 5430 | 437 | 5 | 2755 | 5450 | 400 | |
| Soybean, Argentina |
Jun | 852 | 359 | 2944 | 2730 | 5322 | 171 | 10 | 2755 | 5450 | 213 |
| 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%. | |||||||||||
