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 | 901.5 | 399 | 3221 | 2920 | 5788 | 186 | -2 | 2846 | 5910 | 150 |
| Aug | 901.5 | 402 | 3251 | 2920 | 5788 | 156 | -2 | 2846 | 5910 | 120 | |
| Sep | 901.5 | 405 | 3277 | 2957 | 5822 | 165 | -8 | 2846 | 5910 | 94 | |
| Oct | 901.5 | 407 | 3296 | 2957 | 5822 | 146 | -8 | 2846 | 5910 | 75 | |
| Nov | 901.5 | 408 | 3317 | 2957 | 5822 | 125 | -8 | 2846 | 5910 | 54 | |
| Dec | 907 | 410 | 3331 | 2957 | 5822 | 111 | -9 | 2846 | 5910 | 40 | |
| Soybean, US PNW |
Oct | 901.5 | 403 | 3261 | 2957 | 5822 | 181 | -8 | 2846 | 5910 | 110 |
| Nov | 901.5 | 404 | 3282 | 2957 | 5822 | 160 | -8 | 2846 | 5910 | 89 | |
| Dec | 907 | 405 | 3295 | 2957 | 5822 | 147 | -8 | 2846 | 5910 | 76 | |
| Soybean, Brazil |
Jul | 901.5 | 402 | 3246 | 2920 | 5788 | 218 | -5 | 2846 | 5910 | 184 |
| Aug | 901.5 | 404 | 3263 | 2920 | 5788 | 201 | -3 | 2846 | 5910 | 167 | |
| Sep | 901.5 | 409 | 3310 | 2957 | 5822 | 190 | -9 | 2846 | 5910 | 120 | |
| Oct | 901.5 | 412 | 3331 | 2957 | 5822 | 169 | -9 | 2846 | 5910 | 99 | |
| Nov | 901.5 | 414 | 3364 | 2957 | 5822 | 136 | -9 | 2846 | 5910 | 66 | |
| Dec | 907 | 415 | 3372 | 2957 | 5822 | 128 | -10 | 2846 | 5910 | 58 | |
| Jan,2021 | 907 | 392 | 3192 | 2760 | 5832 | 155 | -9 | 2846 | 5910 | 238 | |
| Feb,2021 | 903 | 384 | 3127 | 2760 | 5832 | 220 | -6 | 2846 | 5910 | 303 | |
| Mar,2021 | 903 | 378 | 3078 | 2760 | 5832 | 269 | -7 | 2846 | 5910 | 352 | |
| Apr,2021 | 901 | 377 | 3072 | 2760 | 5832 | 275 | -4 | 2846 | 5910 | 358 | |
| May,2021 | 901 | 379 | 3087 | 2760 | 5832 | 260 | -4 | 2846 | 5910 | 343 | |
| Soybean, Argentina | Aug | 901.5 | 398 | 3214 | 2920 | 5788 | 135 | -1 | 2846 | 5910 | 98 |
| 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%. | |||||||||||
