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 | 867.5 | 401 | 3217 | 2817 | 6148 | 177 | -20 | 2887 | 6465 | 292 |
| Sep | 867.5 | 401 | 3230 | 2853 | 6138 | 190 | -19 | 2887 | 6465 | 279 | |
| Oct | 867.5 | 402 | 3240 | 2853 | 6138 | 180 | -23 | 2887 | 6465 | 269 | |
| Nov | 867.5 | 403 | 3246 | 2853 | 6138 | 174 | -23 | 2887 | 6465 | 263 | |
| Dec | 874 | 406 | 3288 | 2853 | 6138 | 132 | -21 | 2887 | 6465 | 221 | |
| Soybean, US PNW |
Oct | 867.5 | 395 | 3184 | 2853 | 6138 | 236 | -14 | 2887 | 6465 | 325 |
| Nov | 867.5 | 395 | 3187 | 2853 | 6138 | 233 | -14 | 2887 | 6465 | 322 | |
| Dec | 874 | 397 | 3220 | 2853 | 6138 | 200 | -15 | 2887 | 6465 | 289 | |
| Soybean, Brazil |
Aug | 867.5 | 409 | 3281 | 2817 | 6148 | 174 | -37 | 2887 | 6465 | 293 |
| Sep | 867.5 | 409 | 3291 | 2853 | 6138 | 190 | -32 | 2887 | 6465 | 283 | |
| Oct | 867.5 | 411 | 3311 | 2853 | 6138 | 170 | -37 | 2887 | 6465 | 263 | |
| Nov | 867.5 | 414 | 3333 | 2853 | 6138 | 148 | -57 | 2887 | 6465 | 241 | |
| Dec | 874 | 415 | 3361 | 2853 | 6138 | 120 | -55 | 2887 | 6465 | 213 | |
| Jan,2021 | 874 | 387 | 3138 | 2697 | 6040 | 201 | 0 | 2887 | 6465 | 436 | |
| Feb,2021 | 877 | 383 | 3109 | 2697 | 6040 | 230 | 8 | 2887 | 6465 | 465 | |
| Mar,2021 | 877 | 375 | 3047 | 2697 | 6040 | 292 | 8 | 2887 | 6465 | 527 | |
| Apr,2021 | 881.25 | 373 | 3033 | 2697 | 6040 | 306 | -2 | 2887 | 6465 | 541 | |
| May,2021 | 881.25 | 376 | 3052 | 2697 | 6040 | 287 | -10 | 2887 | 6465 | 522 | |
| Jun,2021 | 888.25 | 380 | 3087 | 2697 | 6040 | 252 | -21 | 2887 | 6465 | 487 | |
| Soybean, Argentina | Sep | 867.5 | 394 | 3173 | 2853 | 6138 | 186 | 1 | 2887 | 6465 | 271 |
| May,2021 | 888.25 | 366 | 2975 | 2697 | 6040 | 243 | 3 | 2887 | 6465 | 469 | |
| 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%. | |||||||||||
