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 |
Aug | 881.75 | 406 | 3257 | 2885 | 6382 | 235 | 33 | 2942 | 6640 | 329 |
| Sep | 881.75 | 405 | 3259 | 2896 | 6300 | 226 | 29 | 2942 | 6640 | 327 | |
| Oct | 881.75 | 405 | 3265 | 2896 | 6300 | 220 | 34 | 2942 | 6640 | 321 | |
| Nov | 881.75 | 407 | 3276 | 2896 | 6300 | 209 | 23 | 2942 | 6640 | 310 | |
| Dec | 888 | 410 | 3322 | 2896 | 6300 | 163 | 17 | 2942 | 6640 | 264 | |
| Soybean, US PNW |
Oct | 881.75 | 400 | 3224 | 2896 | 6300 | 261 | 14 | 2942 | 6640 | 362 |
| Nov | 881.75 | 400 | 3227 | 2896 | 6300 | 258 | 14 | 2942 | 6640 | 359 | |
| Dec | 888 | 402 | 3257 | 2896 | 6300 | 228 | 11 | 2942 | 6640 | 329 | |
| Soybean, Brazil |
Aug | 881.75 | 411 | 3297 | 2885 | 6382 | 259 | 25 | 2942 | 6640 | 355 |
| Sep | 881.75 | 411 | 3301 | 2896 | 6300 | 247 | 15 | 2942 | 6640 | 351 | |
| Oct | 881.75 | 412 | 3316 | 2896 | 6300 | 232 | 18 | 2942 | 6640 | 336 | |
| Nov | 881.75 | 413 | 3325 | 2896 | 6300 | 223 | 14 | 2942 | 6640 | 327 | |
| Dec | 888 | 414 | 3355 | 2896 | 6300 | 193 | 12 | 2942 | 6640 | 297 | |
| Jan,2021 | 888 | 392 | 3182 | 2718 | 6176 | 200 | 19 | 2942 | 6640 | 470 | |
| Feb,2021 | 888.75 | 389 | 3155 | 2718 | 6176 | 227 | 12 | 2942 | 6640 | 497 | |
| Mar,2021 | 888.75 | 380 | 3083 | 2718 | 6176 | 299 | 11 | 2942 | 6640 | 569 | |
| Apr,2021 | 892.5 | 377 | 3057 | 2718 | 6176 | 325 | 6 | 2942 | 6640 | 595 | |
| May,2021 | 892.5 | 377 | 3063 | 2718 | 6176 | 319 | 11 | 2942 | 6640 | 589 | |
| Soybean, Argentina | Aug | 881.75 | 400 | 3209 | 2885 | 6382 | 219 | 25 | 2942 | 6640 | 310 |
| 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%. | |||||||||||
