Today is 12/24/2024
| 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 | 906.25 | 401 | 3234 | 2921 | 5832 | 182 | -3 | 2851 | 5920 | 143 |
| Aug | 906.25 | 402 | 3246 | 2921 | 5832 | 170 | -3 | 2851 | 5920 | 131 | |
| Sep | 906.25 | 406 | 3281 | 2976 | 5890 | 189 | -6 | 2851 | 5920 | 96 | |
| Oct | 906.25 | 407 | 3294 | 2976 | 5890 | 176 | -7 | 2851 | 5920 | 83 | |
| Nov | 906.25 | 408 | 3312 | 2976 | 5890 | 158 | -11 | 2851 | 5920 | 65 | |
| Dec | 910.5 | 409 | 3324 | 2976 | 5890 | 146 | -10 | 2851 | 5920 | 53 | |
| Soybean, US PNW |
Oct | 906.25 | 403 | 3259 | 2976 | 5890 | 211 | -7 | 2851 | 5920 | 118 |
| Nov | 906.25 | 403 | 3273 | 2976 | 5890 | 197 | -11 | 2851 | 5920 | 104 | |
| Dec | 910.5 | 403 | 3277 | 2976 | 5890 | 193 | -10 | 2851 | 5920 | 100 | |
| Soybean, Brazil |
Jul | 906.25 | 403 | 3247 | 2921 | 5832 | 227 | -4 | 2851 | 5920 | 189 |
| Aug | 906.25 | 404 | 3262 | 2921 | 5832 | 212 | -4 | 2851 | 5920 | 174 | |
| Sep | 906.25 | 409 | 3308 | 2976 | 5890 | 221 | -6 | 2851 | 5920 | 128 | |
| Oct | 906.25 | 412 | 3329 | 2976 | 5890 | 200 | -6 | 2851 | 5920 | 107 | |
| Nov | 906.25 | 414 | 3361 | 2976 | 5890 | 168 | -10 | 2851 | 5920 | 75 | |
| Dec | 910.5 | 414 | 3365 | 2976 | 5890 | 164 | -10 | 2851 | 5920 | 71 | |
| Jan,2021 | 910.5 | 392 | 3191 | 2771 | 5904 | 179 | -9 | 2851 | 5920 | 245 | |
| Feb,2021 | 904 | 384 | 3125 | 2771 | 5904 | 245 | -9 | 2851 | 5920 | 311 | |
| Mar,2021 | 904 | 379 | 3085 | 2771 | 5904 | 285 | -10 | 2851 | 5920 | 351 | |
| Apr,2021 | 901 | 376 | 3061 | 2771 | 5904 | 309 | -8 | 2851 | 5920 | 375 | |
| May,2021 | 901 | 378 | 3076 | 2771 | 5904 | 294 | -9 | 2851 | 5920 | 360 | |
| Soybean, Argentina | Aug | 906.25 | 398 | 3215 | 2921 | 5832 | 142 | -9 | 2851 | 5920 | 103 |
| 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%. | |||||||||||
