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 | 865 | 389 | 3171 | 2803 | 5626 | 112 | -55 | 2687 | 5830 | 59 |
| Aug | 861.25 | 390 | 3186 | 2803 | 5626 | 97 | -26 | 2687 | 5830 | 44 | |
| Sep | 861.25 | 390 | 3189 | 2860 | 5694 | 152 | -36 | 2687 | 5830 | 41 | |
| Oct | 861.25 | 391 | 3193 | 2860 | 5694 | 148 | -22 | 2687 | 5830 | 37 | |
| Nov | 861.25 | 391 | 3210 | 2860 | 5694 | 131 | -25 | 2687 | 5830 | 20 | |
| Dec | 864 | 390 | 3206 | 2860 | 5694 | 135 | -21 | 2687 | 5830 | 24 | |
| Soybean, US PNW |
Oct | 861.25 | 384 | 3138 | 2860 | 5694 | 203 | -10 | 2687 | 5830 | 92 |
| Nov | 861.25 | 384 | 3155 | 2860 | 5694 | 186 | -13 | 2687 | 5830 | 75 | |
| Dec | 864 | 383 | 3148 | 2860 | 5694 | 193 | -9 | 2687 | 5830 | 82 | |
| Soybean, Brazil |
Jul | 865 | 392 | 3194 | 2803 | 5626 | 146 | -26 | 2687 | 5830 | 95 |
| Aug | 860 | 391 | 3193 | 2803 | 5626 | 147 | -10 | 2687 | 5830 | 96 | |
| Sep | 861.25 | 393 | 3212 | 2860 | 5694 | 186 | -16 | 2687 | 5830 | 77 | |
| Oct | 861.25 | 395 | 3227 | 2860 | 5694 | 171 | -11 | 2687 | 5830 | 62 | |
| Nov | 861.25 | 397 | 3262 | 2860 | 5694 | 136 | -13 | 2687 | 5830 | 27 | |
| Dec | 864 | 397 | 3261 | 2860 | 5694 | 137 | -9 | 2687 | 5830 | 28 | |
| Feb,2021 | 860.5 | 368 | 3029 | 2685 | 5734 | 239 | -3 | 2687 | 5830 | 260 | |
| Mar,2021 | 860.5 | 361 | 2974 | 2685 | 5734 | 294 | 19 | 2687 | 5830 | 315 | |
| Apr,2021 | 861.25 | 362 | 2979 | 2685 | 5734 | 289 | 5 | 2687 | 5830 | 310 | |
| May,2021 | 861.25 | 363 | 2991 | 2685 | 5734 | 277 | 2 | 2687 | 5830 | 298 | |
| Soybean, Argentina | Aug | 860 | 381 | 3111 | 2803 | 5626 | 116 | -18 | 2687 | 5830 | 61 |
| 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%. | |||||||||||
