Today is 05/24/2025
| 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 | 899.75 | 403 | 3242 | 2954 | 6112 | 253 | -86 | 3054 | 6370 | 381 |
| Aug | 899.75 | 405 | 3260 | 2954 | 6112 | 235 | -86 | 3054 | 6370 | 363 | |
| Sep | 899.75 | 409 | 3296 | 2951 | 6044 | 184 | -70 | 3054 | 6370 | 327 | |
| Oct | 899.75 | 410 | 3312 | 2951 | 6044 | 168 | -71 | 3054 | 6370 | 311 | |
| Nov | 899.75 | 412 | 3324 | 2951 | 6044 | 156 | -82 | 3054 | 6370 | 299 | |
| Dec | 905.25 | 414 | 3357 | 2951 | 6044 | 123 | -70 | 3054 | 6370 | 266 | |
| Soybean, US PNW |
Oct | 899.75 | 402 | 3251 | 2951 | 6044 | 229 | -71 | 3054 | 6370 | 372 |
| Nov | 899.75 | 404 | 3265 | 2951 | 6044 | 215 | -79 | 3054 | 6370 | 358 | |
| Dec | 905.25 | 405 | 3289 | 2951 | 6044 | 191 | -76 | 3054 | 6370 | 334 | |
| Soybean, Brazil |
Aug | 899.75 | 410 | 3297 | 2954 | 6112 | 259 | -108 | 3054 | 6370 | 390 |
| Sep | 899.75 | 413 | 3332 | 2951 | 6044 | 208 | -77 | 3054 | 6370 | 355 | |
| Oct | 899.75 | 415 | 3353 | 2951 | 6044 | 187 | -71 | 3054 | 6370 | 334 | |
| Nov | 899.75 | 418 | 3374 | 2951 | 6044 | 166 | -86 | 3054 | 6370 | 313 | |
| Dec | 905.25 | 418 | 3390 | 2951 | 6044 | 150 | -76 | 3054 | 6370 | 297 | |
| Jan,2021 | 905.25 | 395 | 3211 | 2724 | 6006 | 142 | -54 | 3054 | 6370 | 476 | |
| Feb,2021 | 902.25 | 390 | 3174 | 2724 | 6006 | 179 | -64 | 3054 | 6370 | 513 | |
| Mar,2021 | 902.25 | 381 | 3101 | 2724 | 6006 | 252 | -58 | 3054 | 6370 | 586 | |
| Apr,2021 | 903.5 | 380 | 3088 | 2724 | 6006 | 265 | -60 | 3054 | 6370 | 599 | |
| May,2021 | 903.5 | 381 | 3100 | 2724 | 6006 | 253 | -60 | 3054 | 6370 | 587 | |
| Soybean, Argentina | Aug | 899.75 | 397 | 3198 | 2954 | 6112 | 236 | -85 | 3054 | 6370 | 361 |
| 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%. | |||||||||||
