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 | 365 | 2988 | 2694 | 5312 | 150 | -13 | 2739 | 5460 | 213 |
| Jun | 839.5 | 365 | 2993 | 2694 | 5312 | 145 | -9 | 2739 | 5460 | 208 | |
| Jul | 839.5 | 367 | 3016 | 2694 | 5312 | 122 | -2 | 2739 | 5460 | 185 | |
| Oct | 845.5 | 375 | 3087 | 2777 | 5418 | 136 | 2 | 2739 | 5460 | 114 | |
| Soybean, PNW |
May | 839.5 | 364 | 2982 | 2694 | 5312 | 156 | 19 | 2739 | 5460 | 219 |
| Soybean, Brazil |
May | 839.5 | 354 | 2903 | 2694 | 5312 | 288 | -3 | 2739 | 5460 | 353 |
| Jun | 839.5 | 356 | 2923 | 2694 | 5312 | 268 | 8 | 2739 | 5460 | 333 | |
| Jul | 839.5 | 360 | 2955 | 2694 | 5312 | 236 | 11 | 2739 | 5460 | 301 | |
| Aug | 841.25 | 365 | 2999 | 2694 | 5312 | 192 | 13 | 2739 | 5460 | 257 | |
| Sep | 845.5 | 371 | 3058 | 2777 | 5418 | 219 | 10 | 2739 | 5460 | 198 | |
| Feb, 2021 | 836.25 | 350 | 2885 | 2777 | 5418 | 392 | -2 | 2739 | 5460 | 371 | |
| Mar, 2021 | 836.25 | 344 | 2842 | 2777 | 5418 | 435 | -2 | 2739 | 5460 | 414 | |
| Soybean, Argentina |
Jun | 839.5 | 357 | 2929 | 2694 | 5312 | 155 | -16 | 2739 | 5460 | 218 |
| 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%. | |||||||||||
