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 | 850.5 | 372 | 3051 | 2797 | 5688 | 239 | -19 | 2696 | 5735 | 168 |
| Aug | 850.5 | 375 | 3077 | 2797 | 5688 | 213 | -6 | 2696 | 5735 | 142 | |
| Sep | 850.5 | 380 | 3112 | 2851 | 5750 | 233 | -7 | 2696 | 5735 | 107 | |
| Oct | 860.5 | 385 | 3170 | 2851 | 5750 | 175 | -7 | 2696 | 5735 | 49 | |
| Soybean, PNW |
Oct | 860.5 | 376 | 3104 | 2851 | 5750 | 241 | -34 | 2696 | 5735 | 115 |
| Soybean, Brazil |
Jul | 850.5 | 382 | 3132 | 2797 | 5688 | 215 | -38 | 2696 | 5735 | 145 |
| Aug | 852.75 | 385 | 3152 | 2797 | 5688 | 195 | -36 | 2696 | 5735 | 125 | |
| Sep | 860.5 | 390 | 3192 | 2851 | 5750 | 210 | -30 | 2696 | 5735 | 85 | |
| Feb,2021 | 862 | 366 | 3020 | 2673 | 5772 | 246 | 9 | 2696 | 5735 | 257 | |
| Mar,2021 | 862 | 361 | 2979 | 2673 | 5772 | 287 | -15 | 2696 | 5735 | 298 | |
| Apr,2021 | 863.5 | 363 | 2992 | 2673 | 5772 | 274 | -27 | 2696 | 5735 | 285 | |
| May,2021 | 863.5 | 364 | 3006 | 2673 | 5772 | 260 | -25 | 2696 | 5735 | 271 | |
| Soybean, Argentina |
Jun | 850.5 | 362 | 2959 | 2797 | 5688 | 274 | -21 | 2696 | 5735 | 203 |
| 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%. | |||||||||||
