Today is 12/25/2024
| 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 | 837 | 362 | 2966 | 2707 | 5396 | 198 | 48 | 2695 | 5380 | 185 |
| Jun | 837 | 362 | 2971 | 2707 | 5396 | 193 | 48 | 2695 | 5380 | 180 | |
| Jul | 837 | 367 | 3018 | 2707 | 5396 | 146 | 24 | 2695 | 5380 | 133 | |
| Oct | 843.75 | 374 | 3083 | 2785 | 5482 | 159 | 23 | 2695 | 5380 | 68 | |
| Soybean, PNW |
May | 837 | 365 | 3005 | 2707 | 5396 | 159 | 2695 | 5380 | 146 | |
| Soybean, Brazil |
May | 837 | 353 | 2893 | 2707 | 5396 | 325 | 37 | 2695 | 5380 | 312 |
| Jun | 837 | 357 | 2939 | 2707 | 5396 | 279 | 11 | 2695 | 5380 | 266 | |
| Jul | 837 | 360 | 2965 | 2707 | 5396 | 253 | 17 | 2695 | 5380 | 240 | |
| Aug | 839 | 365 | 3006 | 2707 | 5396 | 212 | 20 | 2695 | 5380 | 199 | |
| Sep | 843.75 | 371 | 3062 | 2785 | 5482 | 235 | 16 | 2695 | 5380 | 143 | |
| Feb, 2021 | 835.5 | 349 | 2889 | 2785 | 5482 | 408 | 16 | 2695 | 5380 | 316 | |
| Mar, 2021 | 835.5 | 344 | 2843 | 2785 | 5482 | 454 | 19 | 2695 | 5380 | 362 | |
| Soybean, Argentina |
Jun | 837 | 353 | 2905 | 2707 | 5396 | 205 | 50 | 2695 | 5380 | 192 |
| 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%. | |||||||||||
