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 |
Jul | 838.5 | 362 | 2983 | 2712 | 5424 | 190 | 44 | 2681 | 5440 | 169 |
| Aug | 838.5 | 364 | 2996 | 2712 | 5424 | 177 | 2681 | 5440 | 156 | ||
| Sep | 838.5 | 366 | 3018 | 2792 | 5526 | 238 | 2681 | 5440 | 134 | ||
| Oct | 845.5 | 374 | 3092 | 2792 | 5526 | 164 | 5 | 2681 | 5440 | 60 | |
| Soybean, PNW |
Oct | 838.5 | 368 | 3044 | 2792 | 5526 | 212 | 2681 | 5440 | 108 | |
| Soybean, Brazil |
Jul | 838.5 | 363 | 2985 | 2712 | 5424 | 242 | -11 | 2681 | 5440 | 221 |
| Aug | 840.75 | 366 | 3015 | 2712 | 5424 | 212 | 0 | 2681 | 5440 | 191 | |
| Sep | 845.5 | 372 | 3062 | 2792 | 5526 | 249 | 14 | 2681 | 5440 | 144 | |
| Feb,2021 | 840 | 352 | 2912 | 2792 | 5526 | 399 | -9 | 2681 | 5440 | 294 | |
| Mar,2021 | 840 | 346 | 2866 | 2792 | 5526 | 445 | -9 | 2681 | 5440 | 340 | |
| Apr,2021 | 837 | 344 | 2852 | 2792 | 5526 | 459 | 2681 | 5440 | 354 | ||
| May,2021 | 837 | 347 | 2870 | 2792 | 5526 | 441 | 2681 | 5440 | 336 | ||
| Soybean, Argentina |
Jun | 838.5 | 354 | 2909 | 2712 | 5424 | 210 | 5 | 2681 | 5440 | 188 |
| 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%. | |||||||||||
