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 | 876.5 | 391 | 3193 | 2829 | 5786 | 141 | -5 | 2676 | 5860 | 34 |
| Aug | 880.75 | 395 | 3225 | 2829 | 5786 | 109 | 5 | 2676 | 5860 | 2 | |
| Sep | 880.75 | 393 | 3219 | 2889 | 5854 | 176 | 10 | 2676 | 5860 | 8 | |
| Oct | 880.75 | 397 | 3248 | 2889 | 5854 | 147 | 5 | 2676 | 5860 | -21 | |
| Nov | 880.75 | 397 | 3262 | 2889 | 5854 | 133 | 1 | 2676 | 5860 | -35 | |
| Dec | 884.25 | 397 | 3261 | 2889 | 5854 | 134 | 5 | 2676 | 5860 | -34 | |
| Soybean, US PNW |
Oct | 880.75 | 391 | 3201 | 2889 | 5854 | 194 | 10 | 2676 | 5860 | 26 |
| Nov | 880.75 | 391 | 3216 | 2889 | 5854 | 179 | 5 | 2676 | 5860 | 11 | |
| Dec | 884.25 | 391 | 3211 | 2889 | 5854 | 184 | 5 | 2676 | 5860 | 16 | |
| Soybean, Brazil |
Jul | 876.5 | 399 | 3252 | 2829 | 5786 | 140 | 31 | 2676 | 5860 | 34 |
| Aug | 876 | 399 | 3256 | 2829 | 5786 | 136 | 31 | 2676 | 5860 | 30 | |
| Sep | 880.75 | 401 | 3281 | 2889 | 5854 | 172 | 23 | 2676 | 5860 | 5 | |
| Oct | 880.75 | 402 | 3290 | 2889 | 5854 | 163 | 13 | 2676 | 5860 | -4 | |
| Nov | 880.75 | 404 | 3322 | 2889 | 5854 | 131 | 9 | 2676 | 5860 | -36 | |
| Dec | 884.25 | 405 | 3323 | 2889 | 5854 | 130 | 9 | 2676 | 5860 | -37 | |
| Feb,2021 | 879.5 | 376 | 3098 | 2703 | 5886 | 215 | 0 | 2676 | 5860 | 188 | |
| Mar,2021 | 879.5 | 371 | 3056 | 2703 | 5886 | 257 | 1 | 2676 | 5860 | 230 | |
| Apr,2021 | 878.5 | 368 | 3030 | 2703 | 5886 | 283 | 11 | 2676 | 5860 | 256 | |
| May,2021 | 878.5 | 370 | 3047 | 2703 | 5886 | 266 | 9 | 2676 | 5860 | 239 | |
| Soybean, Argentina | Aug | 876 | 384 | 3143 | 2829 | 5786 | 133 | 2676 | 5860 | 26 | |
| 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%. | |||||||||||
