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 | 890.75 | 395 | 3186 | 2870 | 5762 | 176 | -10 | 2852 | 5870 | 182 |
| Aug | 890.75 | 398 | 3220 | 2870 | 5762 | 142 | -14 | 2852 | 5870 | 148 | |
| Sep | 890.75 | 401 | 3246 | 2910 | 5802 | 155 | -10 | 2852 | 5870 | 122 | |
| Oct | 890.75 | 403 | 3265 | 2910 | 5802 | 136 | -10 | 2852 | 5870 | 103 | |
| Nov | 890.75 | 404 | 3287 | 2910 | 5802 | 114 | -11 | 2852 | 5870 | 81 | |
| Dec | 896.25 | 406 | 3300 | 2910 | 5802 | 101 | -10 | 2852 | 5870 | 68 | |
| Soybean, US PNW |
Oct | 890.75 | 399 | 3230 | 2910 | 5802 | 171 | -10 | 2852 | 5870 | 138 |
| Nov | 890.75 | 400 | 3252 | 2910 | 5802 | 149 | -11 | 2852 | 5870 | 116 | |
| Dec | 896.25 | 401 | 3265 | 2910 | 5802 | 136 | -11 | 2852 | 5870 | 103 | |
| Soybean, Brazil |
Jul | 890.75 | 398 | 3206 | 2870 | 5762 | 214 | -4 | 2852 | 5870 | 221 |
| Aug | 890.75 | 400 | 3232 | 2870 | 5762 | 188 | -13 | 2852 | 5870 | 195 | |
| Sep | 890.75 | 404 | 3268 | 2910 | 5802 | 191 | 1 | 2852 | 5870 | 159 | |
| Oct | 890.75 | 406 | 3288 | 2910 | 5802 | 171 | 2 | 2852 | 5870 | 139 | |
| Nov | 890.75 | 409 | 3325 | 2910 | 5802 | 134 | -2 | 2852 | 5870 | 102 | |
| Dec | 896.25 | 410 | 3336 | 2910 | 5802 | 123 | -5 | 2852 | 5870 | 91 | |
| Jan,2021 | 896.25 | 388 | 3161 | 2722 | 5808 | 151 | -4 | 2852 | 5870 | 266 | |
| Feb,2021 | 892.5 | 380 | 3098 | 2722 | 5808 | 214 | -6 | 2852 | 5870 | 329 | |
| Mar,2021 | 892.5 | 374 | 3048 | 2722 | 5808 | 264 | -5 | 2852 | 5870 | 379 | |
| Apr,2021 | 891.25 | 373 | 3045 | 2722 | 5808 | 267 | -8 | 2852 | 5870 | 382 | |
| May,2021 | 891.25 | 375 | 3059 | 2722 | 5808 | 253 | -7 | 2852 | 5870 | 368 | |
| Soybean, Argentina | Aug | 890.75 | 394 | 3183 | 2870 | 5762 | 121 | -14 | 2852 | 5870 | 127 |
| 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%. | |||||||||||
