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 | 878.75 | 405 | 3241 | 2853 | 6320 | 214 | -21 | 2927 | 6490 | 304 |
| Sep | 878.75 | 405 | 3247 | 2874 | 6270 | 215 | -11 | 2927 | 6490 | 298 | |
| Oct | 878.75 | 405 | 3254 | 2874 | 6270 | 208 | -12 | 2927 | 6490 | 291 | |
| Nov | 878.75 | 406 | 3259 | 2874 | 6270 | 203 | -6 | 2927 | 6490 | 286 | |
| Dec | 885.25 | 409 | 3302 | 2874 | 6270 | 160 | -3 | 2927 | 6490 | 243 | |
| Soybean, US PNW |
Oct | 878.75 | 399 | 3206 | 2874 | 6270 | 256 | -5 | 2927 | 6490 | 339 |
| Nov | 878.75 | 399 | 3209 | 2874 | 6270 | 253 | -5 | 2927 | 6490 | 336 | |
| Dec | 885.25 | 401 | 3239 | 2874 | 6270 | 223 | -5 | 2927 | 6490 | 306 | |
| Soybean, Brazil |
Aug | 878.75 | 411 | 3291 | 2853 | 6320 | 227 | -32 | 2927 | 6490 | 319 |
| Sep | 878.75 | 411 | 3297 | 2874 | 6270 | 227 | -20 | 2927 | 6490 | 313 | |
| Oct | 878.75 | 412 | 3312 | 2874 | 6270 | 212 | -20 | 2927 | 6490 | 298 | |
| Nov | 878.75 | 413 | 3314 | 2874 | 6270 | 210 | -13 | 2927 | 6490 | 296 | |
| Dec | 885.25 | 414 | 3343 | 2874 | 6270 | 181 | -12 | 2927 | 6490 | 267 | |
| Jan,2021 | 885.25 | 391 | 3164 | 2710 | 6170 | 211 | 11 | 2927 | 6490 | 446 | |
| Feb,2021 | 887.25 | 389 | 3141 | 2710 | 6170 | 234 | 7 | 2927 | 6490 | 469 | |
| Mar,2021 | 887.25 | 381 | 3079 | 2710 | 6170 | 296 | -3 | 2927 | 6490 | 531 | |
| Apr,2021 | 891.75 | 378 | 3057 | 2710 | 6170 | 318 | -7 | 2927 | 6490 | 553 | |
| May,2021 | 891.75 | 379 | 3068 | 2710 | 6170 | 307 | -12 | 2927 | 6490 | 542 | |
| Jun,2021 | 899.25 | 382 | 3092 | 2710 | 6170 | 283 | 2927 | 6490 | 518 | ||
| Soybean, Argentina | Sep | 878.75 | 400 | 3208 | 2874 | 6270 | 191 | 2927 | 6490 | 273 | |
| May,2021 | 899.25 | 370 | 2995 | 2710 | 6170 | 257 | 2927 | 6490 | 486 | ||
| 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%. | |||||||||||
