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 | 873.25 | 403 | 3227 | 2825 | 6256 | 193 | 16 | 2852 | 6370 | 236 |
| Sep | 873.25 | 403 | 3238 | 2864 | 6242 | 211 | 21 | 2852 | 6370 | 225 | |
| Oct | 873.25 | 404 | 3250 | 2864 | 6242 | 199 | 19 | 2852 | 6370 | 213 | |
| Nov | 873.25 | 405 | 3256 | 2864 | 6242 | 193 | 19 | 2852 | 6370 | 207 | |
| Dec | 879.25 | 407 | 3297 | 2864 | 6242 | 152 | 20 | 2852 | 6370 | 166 | |
| Soybean, US PNW |
Oct | 873.25 | 397 | 3194 | 2864 | 6242 | 255 | 19 | 2852 | 6370 | 269 |
| Nov | 873.25 | 397 | 3197 | 2864 | 6242 | 252 | 19 | 2852 | 6370 | 266 | |
| Dec | 879.25 | 399 | 3228 | 2864 | 6242 | 221 | 21 | 2852 | 6370 | 235 | |
| Soybean, Brazil |
Aug | 873.25 | 411 | 3291 | 2825 | 6256 | 192 | 18 | 2852 | 6370 | 236 |
| Sep | 873.25 | 411 | 3300 | 2864 | 6242 | 211 | 21 | 2852 | 6370 | 227 | |
| Oct | 873.25 | 413 | 3321 | 2864 | 6242 | 190 | 20 | 2852 | 6370 | 206 | |
| Nov | 873.25 | 416 | 3343 | 2864 | 6242 | 168 | 20 | 2852 | 6370 | 184 | |
| Dec | 879.25 | 417 | 3371 | 2864 | 6242 | 140 | 20 | 2852 | 6370 | 156 | |
| Jan,2021 | 879.25 | 390 | 3159 | 2705 | 6128 | 204 | 3 | 2852 | 6370 | 368 | |
| Feb,2021 | 881.75 | 387 | 3131 | 2705 | 6128 | 232 | 2 | 2852 | 6370 | 396 | |
| Mar,2021 | 881.75 | 378 | 3067 | 2705 | 6128 | 296 | 4 | 2852 | 6370 | 460 | |
| Apr,2021 | 886.25 | 375 | 3041 | 2705 | 6128 | 322 | 16 | 2852 | 6370 | 486 | |
| May,2021 | 886.25 | 378 | 3061 | 2705 | 6128 | 302 | 15 | 2852 | 6370 | 466 | |
| Jun,2021 | 893 | 382 | 3095 | 2705 | 6128 | 268 | 16 | 2852 | 6370 | 432 | |
| Soybean, Argentina | Sep | 873.25 | 396 | 3182 | 2864 | 6242 | 204 | 18 | 2852 | 6370 | 218 |
| May,2021 | 893 | 368 | 2983 | 2705 | 6128 | 257 | 14 | 2852 | 6370 | 417 | |
| 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%. | |||||||||||
