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 | 884.25 | 395 | 3210 | 2876 | 5654 | 136 | 18 | 2693 | 5730 | 6 |
| Aug | 882.25 | 396 | 3222 | 2876 | 5654 | 124 | 10 | 2693 | 5730 | -6 | |
| Sep | 882.25 | 397 | 3237 | 2927 | 5724 | 163 | -23 | 2693 | 5730 | -21 | |
| Oct | 882.25 | 399 | 3253 | 2927 | 5724 | 147 | -8 | 2693 | 5730 | -37 | |
| Nov | 882.25 | 399 | 3270 | 2927 | 5724 | 130 | -12 | 2693 | 5730 | -54 | |
| Dec | 884.75 | 399 | 3265 | 2927 | 5724 | 135 | -8 | 2693 | 5730 | -49 | |
| Soybean, US PNW |
Oct | 882.25 | 394 | 3213 | 2927 | 5724 | 187 | -14 | 2693 | 5730 | 3 |
| Nov | 882.25 | 394 | 3226 | 2927 | 5724 | 174 | -14 | 2693 | 5730 | -10 | |
| Dec | 884.75 | 393 | 3219 | 2927 | 5724 | 181 | -8 | 2693 | 5730 | -3 | |
| Soybean, Brazil |
Jul | 884.25 | 399 | 3241 | 2876 | 5654 | 162 | 3 | 2693 | 5730 | 32 |
| Aug | 878.75 | 398 | 3239 | 2876 | 5654 | 164 | 5 | 2693 | 5730 | 34 | |
| Sep | 882.25 | 401 | 3273 | 2927 | 5724 | 184 | -19 | 2693 | 5730 | 0 | |
| Oct | 882.25 | 404 | 3294 | 2927 | 5724 | 163 | -18 | 2693 | 5730 | -21 | |
| Nov | 882.25 | 406 | 3326 | 2927 | 5724 | 131 | -18 | 2693 | 5730 | -53 | |
| Dec | 884.75 | 406 | 3324 | 2927 | 5724 | 133 | -15 | 2693 | 5730 | -51 | |
| Feb,2021 | 878.75 | 376 | 3084 | 2731 | 5742 | 222 | -18 | 2693 | 5730 | 189 | |
| Mar,2021 | 878.75 | 371 | 3043 | 2731 | 5742 | 263 | -32 | 2693 | 5730 | 230 | |
| Apr,2021 | 877 | 368 | 3023 | 2731 | 5742 | 283 | -2 | 2693 | 5730 | 250 | |
| May,2021 | 877 | 370 | 3038 | 2731 | 5742 | 268 | -6 | 2693 | 5730 | 235 | |
| Soybean, Argentina | Aug | 878.75 | 388 | 3160 | 2876 | 5654 | 130 | 4 | 2693 | 5730 | -1 |
| 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%. | |||||||||||
