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 | 892.5 | 398 | 3239 | 2898 | 5762 | 145 | 0 | 2806 | 5830 | 85 |
| Aug | 896.75 | 399 | 3258 | 2898 | 5762 | 126 | 3 | 2806 | 5830 | 66 | |
| Sep | 896.75 | 402 | 3282 | 2954 | 5814 | 156 | 12 | 2806 | 5830 | 42 | |
| Oct | 896.75 | 403 | 3295 | 2954 | 5814 | 143 | 6 | 2806 | 5830 | 29 | |
| Nov | 896.75 | 404 | 3315 | 2954 | 5814 | 123 | 3 | 2806 | 5830 | 9 | |
| Dec | 901.25 | 405 | 3322 | 2954 | 5814 | 116 | 3 | 2806 | 5830 | 2 | |
| Soybean, US PNW |
Oct | 896.75 | 397 | 3248 | 2954 | 5814 | 190 | 11 | 2806 | 5830 | 76 |
| Nov | 896.75 | 397 | 3262 | 2954 | 5814 | 176 | 11 | 2806 | 5830 | 62 | |
| Dec | 901.25 | 398 | 3269 | 2954 | 5814 | 169 | 3 | 2806 | 5830 | 55 | |
| Soybean, Brazil |
Jul | 892.5 | 401 | 3262 | 2898 | 5762 | 180 | 1 | 2806 | 5830 | 121 |
| Aug | 891.25 | 401 | 3273 | 2898 | 5762 | 169 | -2 | 2806 | 5830 | 110 | |
| Sep | 896.75 | 406 | 3313 | 2954 | 5814 | 183 | 2 | 2806 | 5830 | 70 | |
| Oct | 896.75 | 408 | 3333 | 2954 | 5814 | 163 | 3 | 2806 | 5830 | 50 | |
| Nov | 896.75 | 410 | 3365 | 2954 | 5814 | 131 | 3 | 2806 | 5830 | 18 | |
| Dec | 901.25 | 411 | 3370 | 2954 | 5814 | 126 | 2 | 2806 | 5830 | 13 | |
| Jan,2021 | 901.25 | 389 | 3194 | 2753 | 5820 | 145 | 1 | 2806 | 5830 | 189 | |
| Feb,2021 | 894.75 | 381 | 3128 | 2753 | 5820 | 211 | -2 | 2806 | 5830 | 255 | |
| Mar,2021 | 894.75 | 375 | 3086 | 2753 | 5820 | 253 | -2 | 2806 | 5830 | 297 | |
| Apr,2021 | 892.25 | 373 | 3064 | 2753 | 5820 | 275 | -1 | 2806 | 5830 | 319 | |
| May,2021 | 892.25 | 375 | 3079 | 2753 | 5820 | 260 | -1 | 2806 | 5830 | 304 | |
| Soybean, Argentina | Aug | 891.25 | 394 | 3213 | 2898 | 5762 | 114 | -13 | 2806 | 5830 | 53 |
| 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%. | |||||||||||
