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 | 840.75 | 368 | 3029 | 2780 | 5640 | 239 | 7 | 2706 | 5710 | 194 |
| Aug | 840.75 | 372 | 3065 | 2780 | 5640 | 203 | -1 | 2706 | 5710 | 158 | |
| Sep | 840.75 | 376 | 3102 | 2840 | 5700 | 225 | -4 | 2706 | 5710 | 121 | |
| Oct | 851.75 | 382 | 3158 | 2840 | 5700 | 169 | -2 | 2706 | 5710 | 65 | |
| Soybean, PNW |
Oct | 851.75 | 370 | 3065 | 2840 | 5700 | 262 | 39 | 2706 | 5710 | 158 |
| Soybean, Brazil |
Jul | 840.75 | 375 | 3088 | 2780 | 5640 | 236 | 2 | 2706 | 5710 | 192 |
| Aug | 843.5 | 377 | 3110 | 2780 | 5640 | 214 | 18 | 2706 | 5710 | 170 | |
| Sep | 851.75 | 383 | 3155 | 2840 | 5700 | 229 | 11 | 2706 | 5710 | 125 | |
| Feb,2021 | 853.25 | 364 | 3019 | 2675 | 5720 | 238 | -23 | 2706 | 5710 | 261 | |
| Mar,2021 | 853.25 | 356 | 2954 | 2675 | 5720 | 303 | 6 | 2706 | 5710 | 326 | |
| Apr,2021 | 854 | 356 | 2951 | 2675 | 5720 | 306 | -4 | 2706 | 5710 | 329 | |
| May,2021 | 854 | 358 | 2970 | 2675 | 5720 | 287 | -16 | 2706 | 5710 | 310 | |
| Soybean, Argentina |
Jun | 840.75 | 357 | 2934 | 2780 | 5640 | 277 | 57 | 2706 | 5710 | 232 |
| 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%. | |||||||||||
