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 | 902.5 | 400 | 3230 | 2896 | 5814 | 163 | -19 | 2857 | 5850 | 139 |
| Aug | 902.5 | 401 | 3256 | 2896 | 5814 | 137 | -33 | 2857 | 5850 | 113 | |
| Sep | 902.5 | 404 | 3277 | 2938 | 5868 | 159 | -30 | 2857 | 5850 | 92 | |
| Oct | 902.5 | 408 | 3310 | 2938 | 5868 | 126 | -50 | 2857 | 5850 | 59 | |
| Nov | 902.5 | 409 | 3332 | 2938 | 5868 | 104 | -54 | 2857 | 5850 | 37 | |
| Dec | 907.25 | 410 | 3337 | 2938 | 5868 | 99 | -47 | 2857 | 5850 | 32 | |
| Soybean, US PNW |
Oct | 902.5 | 402 | 3261 | 2938 | 5868 | 175 | -36 | 2857 | 5850 | 108 |
| Nov | 902.5 | 402 | 3276 | 2938 | 5868 | 160 | -37 | 2857 | 5850 | 93 | |
| Dec | 907.25 | 403 | 3284 | 2938 | 5868 | 152 | -41 | 2857 | 5850 | 85 | |
| Soybean, Brazil |
Jul | 902.5 | 402 | 3252 | 2896 | 5814 | 199 | -28 | 2857 | 5850 | 175 |
| Aug | 902.5 | 404 | 3277 | 2896 | 5814 | 174 | -38 | 2857 | 5850 | 150 | |
| Sep | 902.5 | 409 | 3319 | 2938 | 5868 | 176 | -45 | 2857 | 5850 | 108 | |
| Oct | 902.5 | 412 | 3340 | 2938 | 5868 | 155 | -45 | 2857 | 5850 | 87 | |
| Nov | 902.5 | 414 | 3373 | 2938 | 5868 | 122 | -46 | 2857 | 5850 | 54 | |
| Dec | 907.25 | 415 | 3378 | 2938 | 5868 | 117 | -47 | 2857 | 5850 | 49 | |
| Jan,2021 | 907.25 | 392 | 3198 | 2752 | 5878 | 152 | -27 | 2857 | 5850 | 229 | |
| Feb,2021 | 901.75 | 382 | 3118 | 2752 | 5878 | 232 | -13 | 2857 | 5850 | 309 | |
| Mar,2021 | 901.75 | 378 | 3085 | 2752 | 5878 | 265 | -20 | 2857 | 5850 | 342 | |
| Apr,2021 | 899.25 | 378 | 3081 | 2752 | 5878 | 269 | -40 | 2857 | 5850 | 346 | |
| May,2021 | 899.25 | 380 | 3104 | 2752 | 5878 | 246 | -48 | 2857 | 5850 | 323 | |
| Soybean, Argentina | Aug | 902.5 | 396 | 3216 | 2896 | 5814 | 118 | -24 | 2857 | 5850 | 94 |
| 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%. | |||||||||||
