Today is 05/02/2025
| 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 | 899.5 | 412 | 3301 | 2852 | 6402 | 168 | -47 | 2875 | 6600 | 224 |
| Sep | 899.5 | 413 | 3316 | 2892 | 6372 | 179 | -53 | 2875 | 6600 | 209 | |
| Oct | 899.5 | 414 | 3325 | 2892 | 6372 | 170 | -53 | 2875 | 6600 | 200 | |
| Nov | 899.5 | 415 | 3331 | 2892 | 6372 | 164 | -53 | 2875 | 6600 | 194 | |
| Dec | 904.5 | 417 | 3368 | 2892 | 6372 | 127 | -54 | 2875 | 6600 | 157 | |
| Soybean, US PNW |
Oct | 899.5 | 408 | 3277 | 2892 | 6372 | 218 | -53 | 2875 | 6600 | 248 |
| Nov | 899.5 | 407 | 3272 | 2892 | 6372 | 223 | -53 | 2875 | 6600 | 253 | |
| Dec | 904.5 | 408 | 3300 | 2892 | 6372 | 195 | -54 | 2875 | 6600 | 225 | |
| Soybean, Brazil |
Aug | 899.5 | 420 | 3364 | 2852 | 6402 | 169 | -47 | 2875 | 6600 | 227 |
| Sep | 899.5 | 421 | 3373 | 2892 | 6372 | 186 | -52 | 2875 | 6600 | 218 | |
| Oct | 899.5 | 423 | 3395 | 2892 | 6372 | 164 | -53 | 2875 | 6600 | 196 | |
| Nov | 899.5 | 426 | 3418 | 2892 | 6372 | 141 | -53 | 2875 | 6600 | 173 | |
| Dec | 904.5 | 426 | 3442 | 2892 | 6372 | 117 | -54 | 2875 | 6600 | 149 | |
| Jan,2021 | 904.5 | 399 | 3230 | 2717 | 6224 | 37 | -178 | 2875 | 6600 | 229 | |
| Feb,2021 | 905.75 | 395 | 3199 | 2717 | 6224 | 68 | -178 | 2875 | 6600 | 260 | |
| Mar,2021 | 905.75 | 387 | 3134 | 2717 | 6224 | 133 | -177 | 2875 | 6600 | 325 | |
| Apr,2021 | 909.75 | 385 | 3116 | 2717 | 6224 | 151 | -178 | 2875 | 6600 | 343 | |
| May,2021 | 909.75 | 386 | 3127 | 2717 | 6224 | 140 | -178 | 2875 | 6600 | 332 | |
| Jun,2021 | 916.5 | 391 | 3161 | 2717 | 6224 | 106 | -180 | 2875 | 6600 | 298 | |
| Soybean, Argentina | Sep | 899.5 | 410 | 3285 | 2892 | 6372 | 147 | -80 | 2875 | 6600 | 174 |
| May,2021 | 916.5 | 379 | 3070 | 2717 | 6224 | 197 | -70 | 2875 | 6600 | 389 | |
| 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%. | |||||||||||
