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 | 877.5 | 390 | 3141 | 2865 | 5938 | 251 | 39 | 2831 | 5960 | 228 |
| Aug | 877.5 | 393 | 3170 | 2865 | 5938 | 222 | 39 | 2831 | 5960 | 199 | |
| Sep | 877.5 | 396 | 3200 | 2888 | 5932 | 209 | 22 | 2831 | 5960 | 169 | |
| Oct | 877.5 | 398 | 3212 | 2888 | 5932 | 197 | 21 | 2831 | 5960 | 157 | |
| Nov | 877.5 | 399 | 3234 | 2888 | 5932 | 175 | 26 | 2831 | 5960 | 135 | |
| Dec | 883.25 | 400 | 3248 | 2888 | 5932 | 161 | 26 | 2831 | 5960 | 121 | |
| Soybean, US PNW |
Oct | 877.5 | 394 | 3179 | 2888 | 5932 | 230 | 21 | 2831 | 5960 | 190 |
| Nov | 877.5 | 394 | 3201 | 2888 | 5932 | 208 | 25 | 2831 | 5960 | 168 | |
| Dec | 883.25 | 396 | 3215 | 2888 | 5932 | 194 | 26 | 2831 | 5960 | 154 | |
| Soybean, Brazil |
Jul | 877.5 | 393 | 3166 | 2865 | 5938 | 285 | 41 | 2831 | 5960 | 262 |
| Aug | 877.5 | 395 | 3187 | 2865 | 5938 | 264 | 40 | 2831 | 5960 | 241 | |
| Sep | 877.5 | 401 | 3237 | 2888 | 5932 | 231 | 20 | 2831 | 5960 | 191 | |
| Oct | 877.5 | 403 | 3255 | 2888 | 5932 | 213 | 22 | 2831 | 5960 | 173 | |
| Nov | 877.5 | 404 | 3280 | 2888 | 5932 | 188 | 27 | 2831 | 5960 | 148 | |
| Dec | 883.25 | 405 | 3288 | 2888 | 5932 | 180 | 27 | 2831 | 5960 | 140 | |
| Jan,2021 | 883.25 | 382 | 3105 | 2701 | 5908 | 210 | 28 | 2831 | 5960 | 323 | |
| Feb,2021 | 880.5 | 376 | 3054 | 2701 | 5908 | 261 | 27 | 2831 | 5960 | 374 | |
| Mar,2021 | 880.5 | 368 | 2996 | 2701 | 5908 | 319 | 26 | 2831 | 5960 | 432 | |
| Apr,2021 | 881.75 | 369 | 2999 | 2701 | 5908 | 316 | 26 | 2831 | 5960 | 429 | |
| May,2021 | 881.75 | 370 | 3005 | 2701 | 5908 | 310 | 26 | 2831 | 5960 | 423 | |
| Soybean, Argentina | Aug | 877.5 | 390 | 3148 | 2865 | 5938 | 184 | 22 | 2831 | 5960 | 161 |
| 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%. | |||||||||||
