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 | 863.25 | 376 | 3067 | 2806 | 5740 | 240 | 11 | 2693 | 5840 | 170 |
| Aug | 863.25 | 378 | 3092 | 2806 | 5740 | 215 | 11 | 2693 | 5840 | 145 | |
| Sep | 863.25 | 382 | 3119 | 2879 | 5808 | 259 | 5 | 2693 | 5840 | 118 | |
| Oct | 876.5 | 389 | 3191 | 2879 | 5808 | 187 | 5 | 2693 | 5840 | 46 | |
| Soybean, PNW |
Oct | 876.5 | 382 | 3138 | 2879 | 5808 | 240 | 5 | 2693 | 5840 | 99 |
| Soybean, Brazil |
Jul | 863.25 | 385 | 3143 | 2806 | 5740 | 222 | 12 | 2693 | 5840 | 152 |
| Aug | 866 | 389 | 3178 | 2806 | 5740 | 187 | 13 | 2693 | 5840 | 117 | |
| Sep | 876.5 | 394 | 3217 | 2879 | 5808 | 219 | 6 | 2693 | 5840 | 78 | |
| Feb,2021 | 878.5 | 372 | 3056 | 2694 | 5858 | 244 | 8 | 2693 | 5840 | 239 | |
| Mar,2021 | 878.5 | 367 | 3018 | 2694 | 5858 | 282 | 7 | 2693 | 5840 | 277 | |
| Apr,2021 | 880 | 367 | 3013 | 2694 | 5858 | 287 | 12 | 2693 | 5840 | 282 | |
| May,2021 | 880 | 369 | 3028 | 2694 | 5858 | 272 | 11 | 2693 | 5840 | 267 | |
| Soybean, Argentina |
Jun | 863.25 | 371 | 3023 | 2806 | 5740 | 227 | 11 | 2693 | 5840 | 156 |
| 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%. | |||||||||||
