Today is 06/17/2025
| 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 | 873.5 | 403 | 3229 | 2810 | 6176 | 164 | -29 | 2862 | 6380 | 244 |
| Sep | 873.5 | 404 | 3244 | 2851 | 6154 | 178 | -33 | 2862 | 6380 | 229 | |
| Oct | 873.5 | 404 | 3253 | 2851 | 6154 | 169 | -30 | 2862 | 6380 | 220 | |
| Nov | 873.5 | 405 | 3259 | 2851 | 6154 | 163 | -30 | 2862 | 6380 | 214 | |
| Dec | 879 | 407 | 3297 | 2851 | 6154 | 125 | -27 | 2862 | 6380 | 176 | |
| Soybean, US PNW |
Oct | 873.5 | 397 | 3197 | 2851 | 6154 | 225 | -30 | 2862 | 6380 | 276 |
| Nov | 873.5 | 397 | 3200 | 2851 | 6154 | 222 | -30 | 2862 | 6380 | 273 | |
| Dec | 879 | 399 | 3229 | 2851 | 6154 | 193 | -28 | 2862 | 6380 | 244 | |
| Soybean, Brazil |
Aug | 873.5 | 411 | 3293 | 2810 | 6176 | 162 | -30 | 2862 | 6380 | 244 |
| Sep | 873.5 | 411 | 3303 | 2851 | 6154 | 180 | -31 | 2862 | 6380 | 234 | |
| Oct | 873.5 | 413 | 3323 | 2851 | 6154 | 160 | -30 | 2862 | 6380 | 214 | |
| Nov | 873.5 | 416 | 3345 | 2851 | 6154 | 138 | -30 | 2862 | 6380 | 192 | |
| Dec | 879 | 417 | 3372 | 2851 | 6154 | 111 | -29 | 2862 | 6380 | 165 | |
| Jan,2021 | 879 | 390 | 3160 | 2701 | 6040 | 182 | -22 | 2862 | 6380 | 377 | |
| Feb,2021 | 881.75 | 387 | 3133 | 2701 | 6040 | 209 | -23 | 2862 | 6380 | 404 | |
| Mar,2021 | 881.75 | 378 | 3068 | 2701 | 6040 | 274 | -22 | 2862 | 6380 | 469 | |
| Apr,2021 | 885.75 | 375 | 3041 | 2701 | 6040 | 301 | -21 | 2862 | 6380 | 496 | |
| May,2021 | 885.75 | 377 | 3060 | 2701 | 6040 | 282 | -20 | 2862 | 6380 | 477 | |
| Jun,2021 | 892.25 | 382 | 3094 | 2701 | 6040 | 248 | -20 | 2862 | 6380 | 443 | |
| Soybean, Argentina | Sep | 873.5 | 396 | 3185 | 2851 | 6154 | 175 | -29 | 2862 | 6380 | 224 |
| May,2021 | 892.25 | 367 | 2982 | 2701 | 6040 | 239 | -18 | 2862 | 6380 | 427 | |
| 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%. | |||||||||||
