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 | 904.75 | 415 | 3308 | 2884 | 6382 | 183 | -4 | 2839 | 6550 | 179 |
| Sep | 904.75 | 416 | 3315 | 2884 | 6382 | 176 | -4 | 2839 | 6550 | 172 | |
| Oct | 904.75 | 415 | 3315 | 2884 | 6382 | 176 | -5 | 2839 | 6550 | 172 | |
| Nov | 904.75 | 414 | 3312 | 2884 | 6382 | 179 | -4 | 2839 | 6550 | 175 | |
| Dec | 911.25 | 416 | 3328 | 2884 | 6382 | 163 | -4 | 2839 | 6550 | 159 | |
| Soybean, US PNW |
Oct | 904.75 | 408 | 3254 | 2884 | 6382 | 237 | 19 | 2839 | 6550 | 233 |
| Nov | 904.75 | 408 | 3260 | 2884 | 6382 | 231 | 4 | 2839 | 6550 | 227 | |
| Dec | 911.25 | 408 | 3264 | 2884 | 6382 | 227 | 13 | 2839 | 6550 | 223 | |
| Soybean, Brazil |
Aug | 904.75 | 419 | 3334 | 2884 | 6382 | 221 | -4 | 2839 | 6550 | 219 |
| Sep | 904.75 | 420 | 3343 | 2884 | 6382 | 212 | -7 | 2839 | 6550 | 210 | |
| Oct | 904.75 | 422 | 3367 | 2884 | 6382 | 188 | -10 | 2839 | 6550 | 186 | |
| Nov | 904.75 | 423 | 3382 | 2884 | 6382 | 173 | -13 | 2839 | 6550 | 171 | |
| Dec | 911.25 | 425 | 3392 | 2884 | 6382 | 163 | -10 | 2839 | 6550 | 161 | |
| Jan,2021 | 911.25 | 405 | 3256 | 2746 | 6250 | 38 | -10 | 2839 | 6550 | 166 | |
| Feb,2021 | 913.5 | 400 | 3219 | 2746 | 6250 | 75 | -2 | 2839 | 6550 | 203 | |
| Mar,2021 | 913.5 | 389 | 3132 | 2746 | 6250 | 162 | -2 | 2839 | 6550 | 290 | |
| Apr,2021 | 917 | 387 | 3113 | 2746 | 6250 | 181 | -1 | 2839 | 6550 | 309 | |
| May,2021 | 917 | 389 | 3130 | 2746 | 6250 | 164 | -1 | 2839 | 6550 | 292 | |
| Jun,2021 | 923 | 391 | 3145 | 2746 | 6250 | 149 | -2 | 2839 | 6550 | 277 | |
| Soybean, Argentina | Sep | 904.75 | 412 | 3279 | 2884 | 6382 | 148 | -4 | 2839 | 6550 | 143 |
| May,2021 | 923 | 381 | 3067 | 2746 | 6250 | 227 | -2 | 2839 | 6550 | 355 | |
| 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%. | |||||||||||
