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 | 867 | 383 | 3124 | 2808 | 5622 | 163 | -50 | 2695 | 5740 | 96 |
| Aug | 873 | 388 | 3167 | 2808 | 5622 | 120 | -14 | 2695 | 5740 | 53 | |
| Sep | 873 | 389 | 3186 | 2879 | 5696 | 171 | -15 | 2695 | 5740 | 34 | |
| Oct | 873 | 393 | 3216 | 2879 | 5696 | 141 | -16 | 2695 | 5740 | 4 | |
| Nov | 873 | 393 | 3229 | 2879 | 5696 | 128 | -15 | 2695 | 5740 | -9 | |
| Dec | 876.5 | 393 | 3228 | 2879 | 5696 | 129 | -15 | 2695 | 5740 | -8 | |
| Soybean, US PNW |
Oct | 873 | 386 | 3162 | 2879 | 5696 | 195 | -14 | 2695 | 5740 | 58 |
| Nov | 873 | 385 | 3167 | 2879 | 5696 | 190 | -14 | 2695 | 5740 | 53 | |
| Dec | 876.5 | 385 | 3169 | 2879 | 5696 | 188 | -14 | 2695 | 5740 | 51 | |
| Soybean, Brazil |
Jul | 867 | 394 | 3211 | 2808 | 5622 | 132 | -17 | 2695 | 5740 | 66 |
| Aug | 868 | 395 | 3228 | 2808 | 5622 | 115 | -16 | 2695 | 5740 | 49 | |
| Sep | 873 | 398 | 3258 | 2879 | 5696 | 156 | -15 | 2695 | 5740 | 19 | |
| Oct | 873 | 398 | 3257 | 2879 | 5696 | 157 | -15 | 2695 | 5740 | 20 | |
| Nov | 873 | 400 | 3289 | 2879 | 5696 | 125 | -15 | 2695 | 5740 | -12 | |
| Dec | 876.5 | 400 | 3290 | 2879 | 5696 | 124 | -14 | 2695 | 5740 | -13 | |
| Feb,2021 | 872.75 | 374 | 3076 | 2699 | 5742 | 205 | -9 | 2695 | 5740 | 201 | |
| Mar,2021 | 872.75 | 368 | 3035 | 2699 | 5742 | 246 | -9 | 2695 | 5740 | 242 | |
| Apr,2021 | 872.75 | 367 | 3020 | 2699 | 5742 | 261 | -10 | 2695 | 5740 | 257 | |
| May,2021 | 872.75 | 368 | 3035 | 2699 | 5742 | 246 | -10 | 2695 | 5740 | 242 | |
| Soybean, Argentina | Jul | 868 | 381 | 3112 | 2808 | 5622 | 118 | -31 | 2695 | 5740 | 50 |
| 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%. | |||||||||||
