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 | 835 | 364 | 2995 | 2743 | 5422 | 202 | 11 | 2678 | 5480 | 162 |
| Aug | 835 | 366 | 3011 | 2743 | 5422 | 186 | 11 | 2678 | 5480 | 146 | |
| Sep | 835 | 366 | 3018 | 2807 | 5528 | 250 | 7 | 2678 | 5480 | 139 | |
| Oct | 845.5 | 375 | 3095 | 2807 | 5528 | 173 | -4 | 2678 | 5480 | 62 | |
| Soybean, PNW |
Oct | 845.5 | 369 | 3053 | 2807 | 5528 | 215 | -3 | 2678 | 5480 | 104 |
| Soybean, Brazil |
Jul | 835 | 362 | 2976 | 2743 | 5422 | 275 | 7 | 2678 | 5480 | 236 |
| Aug | 838.5 | 368 | 3031 | 2743 | 5422 | 220 | -2 | 2678 | 5480 | 181 | |
| Sep | 845.5 | 375 | 3085 | 2807 | 5528 | 238 | -3 | 2678 | 5480 | 127 | |
| Feb,2021 | 844.75 | 355 | 2935 | 2641 | 5596 | 271 | 2678 | 5480 | 277 | ||
| Mar,2021 | 844.75 | 350 | 2897 | 2641 | 5596 | 309 | 2678 | 5480 | 315 | ||
| Apr,2021 | 843.75 | 351 | 2901 | 2641 | 5596 | 305 | 2678 | 5480 | 311 | ||
| May,2021 | 843.75 | 352 | 2914 | 2641 | 5596 | 292 | 2678 | 5480 | 298 | ||
| Soybean, Argentina |
Jun | 835 | 354 | 2907 | 2743 | 5422 | 236 | 14 | 2678 | 5480 | 195 |
| 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%. | |||||||||||
