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 | 898.75 | 412 | 3295 | 2850 | 6506 | 193 | 25 | 2886 | 6560 | 231 |
| Sep | 898.75 | 413 | 3311 | 2902 | 6486 | 214 | 35 | 2886 | 6560 | 215 | |
| Oct | 898.75 | 414 | 3323 | 2902 | 6486 | 202 | 32 | 2886 | 6560 | 203 | |
| Nov | 898.75 | 412 | 3305 | 2902 | 6486 | 220 | 56 | 2886 | 6560 | 221 | |
| Dec | 903.75 | 413 | 3332 | 2902 | 6486 | 193 | 66 | 2886 | 6560 | 194 | |
| Soybean, US PNW |
Oct | 898.75 | 409 | 3284 | 2902 | 6486 | 241 | 23 | 2886 | 6560 | 242 |
| Nov | 898.75 | 407 | 3266 | 2902 | 6486 | 259 | 36 | 2886 | 6560 | 260 | |
| Dec | 898.75 | 406 | 3279 | 2902 | 6486 | 246 | 51 | 2886 | 6560 | 247 | |
| Soybean, Brazil |
Aug | 898.75 | 416 | 3330 | 2850 | 6506 | 223 | 54 | 2886 | 6560 | 262 |
| Sep | 898.75 | 417 | 3342 | 2902 | 6486 | 248 | 62 | 2886 | 6560 | 250 | |
| Oct | 898.75 | 419 | 3364 | 2902 | 6486 | 226 | 62 | 2886 | 6560 | 228 | |
| Nov | 898.75 | 420 | 3370 | 2902 | 6486 | 220 | 79 | 2886 | 6560 | 222 | |
| Dec | 903.75 | 421 | 3398 | 2902 | 6486 | 192 | 75 | 2886 | 6560 | 194 | |
| Jan,2021 | 903.75 | 400 | 3233 | 2733 | 6330 | 65 | 28 | 2886 | 6560 | 228 | |
| Feb,2021 | 904.25 | 397 | 3205 | 2733 | 6330 | 93 | 25 | 2886 | 6560 | 256 | |
| Mar,2021 | 904.25 | 387 | 3126 | 2733 | 6330 | 172 | 39 | 2886 | 6560 | 335 | |
| Apr,2021 | 907.5 | 385 | 3111 | 2733 | 6330 | 187 | 36 | 2886 | 6560 | 350 | |
| May,2021 | 907.5 | 383 | 3099 | 2733 | 6330 | 199 | 59 | 2886 | 6560 | 362 | |
| Jun,2021 | 914.25 | 386 | 3118 | 2733 | 6330 | 180 | 74 | 2886 | 6560 | 343 | |
| Soybean, Argentina | Sep | 898.75 | 409 | 3280 | 2902 | 6486 | 180 | 33 | 2886 | 6560 | 181 |
| May,2021 | 914.25 | 378 | 3059 | 2733 | 6330 | 239 | 42 | 2886 | 6560 | 402 | |
| 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%. | |||||||||||
