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 | 848.5 | 368 | 3047 | 2816 | 5560 | 234 | -18 | 2738 | 5560 | 172 |
| Aug | 848.5 | 371 | 3081 | 2816 | 5560 | 200 | -32 | 2738 | 5560 | 138 | |
| Sep | 848.5 | 376 | 3121 | 2872 | 5634 | 218 | -34 | 2738 | 5560 | 98 | |
| Oct | 855.5 | 381 | 3173 | 2872 | 5634 | 166 | -22 | 2738 | 5560 | 46 | |
| Soybean, PNW |
Oct | 855.5 | 375 | 3121 | 2872 | 5634 | 218 | -12 | 2738 | 5560 | 98 |
| Soybean, Brazil |
Jul | 848.5 | 375 | 3110 | 2816 | 5560 | 227 | -48 | 2738 | 5560 | 165 |
| Aug | 850.25 | 379 | 3146 | 2816 | 5560 | 191 | -46 | 2738 | 5560 | 129 | |
| Sep | 855.5 | 384 | 3183 | 2872 | 5634 | 213 | -23 | 2738 | 5560 | 92 | |
| Feb,2021 | 855.75 | 361 | 3011 | 2700 | 5682 | 258 | -12 | 2738 | 5560 | 264 | |
| Mar,2021 | 855.75 | 357 | 2975 | 2700 | 5682 | 294 | -11 | 2738 | 5560 | 300 | |
| Apr,2021 | 855.25 | 356 | 2969 | 2700 | 5682 | 300 | -13 | 2738 | 5560 | 306 | |
| May,2021 | 855.25 | 356 | 2973 | 2700 | 5682 | 296 | -7 | 2738 | 5560 | 302 | |
| Soybean, Argentina |
Jun | 848.5 | 364 | 3012 | 2816 | 5560 | 213 | -48 | 2738 | 5560 | 152 |
| 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 9:53 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%. | |||||||||||
