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 | 915.25 | 419 | 3341 | 2861 | 6514 | 157 | -36 | 2879 | 6660 | 199 |
| Sep | 915.25 | 420 | 3356 | 2918 | 6476 | 180 | -34 | 2879 | 6660 | 184 | |
| Oct | 915.25 | 419 | 3357 | 2918 | 6476 | 179 | -23 | 2879 | 6660 | 183 | |
| Nov | 915.25 | 418 | 3348 | 2918 | 6476 | 188 | -32 | 2879 | 6660 | 192 | |
| Dec | 921 | 419 | 3376 | 2918 | 6476 | 160 | -33 | 2879 | 6660 | 164 | |
| Soybean, US PNW |
Oct | 915.25 | 415 | 3324 | 2918 | 6476 | 212 | -29 | 2879 | 6660 | 216 |
| Nov | 915.25 | 413 | 3307 | 2918 | 6476 | 229 | -30 | 2879 | 6660 | 233 | |
| Dec | 921 | 414 | 3337 | 2918 | 6476 | 199 | -47 | 2879 | 6660 | 203 | |
| Soybean, Brazil |
Aug | 921 | 425 | 3386 | 2861 | 6514 | 177 | -46 | 2879 | 6660 | 220 |
| Sep | 915.25 | 423 | 3381 | 2918 | 6476 | 219 | -29 | 2879 | 6660 | 225 | |
| Oct | 915.25 | 425 | 3404 | 2918 | 6476 | 196 | -30 | 2879 | 6660 | 202 | |
| Nov | 915.25 | 426 | 3410 | 2918 | 6476 | 190 | -30 | 2879 | 6660 | 196 | |
| Dec | 921 | 427 | 3441 | 2918 | 6476 | 159 | -33 | 2879 | 6660 | 165 | |
| Jan,2021 | 921 | 406 | 3276 | 2743 | 6330 | 30 | -35 | 2879 | 6660 | 197 | |
| Feb,2021 | 921.5 | 403 | 3249 | 2743 | 6330 | 57 | -36 | 2879 | 6660 | 224 | |
| Mar,2021 | 921.5 | 393 | 3170 | 2743 | 6330 | 136 | -36 | 2879 | 6660 | 303 | |
| Apr,2021 | 923 | 390 | 3150 | 2743 | 6330 | 156 | -31 | 2879 | 6660 | 323 | |
| May,2021 | 923 | 389 | 3138 | 2743 | 6330 | 168 | -31 | 2879 | 6660 | 335 | |
| Jun,2021 | 929 | 391 | 3155 | 2743 | 6330 | 151 | -29 | 2879 | 6660 | 318 | |
| Soybean, Argentina | Sep | 915.25 | 415 | 3317 | 2918 | 6476 | 154 | -26 | 2879 | 6660 | 156 |
| May,2021 | 929 | 383 | 3091 | 2743 | 6330 | 215 | -24 | 2879 | 6660 | 382 | |
| 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%. | |||||||||||
