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 | 905.75 | 414 | 3296 | 2921 | 6444 | 236 | 53 | 2832 | 6530 | 182 |
| Sep | 905.75 | 416 | 3308 | 2921 | 6444 | 224 | 48 | 2832 | 6530 | 170 | |
| Oct | 905.75 | 415 | 3307 | 2921 | 6444 | 225 | 49 | 2832 | 6530 | 171 | |
| Nov | 905.75 | 415 | 3312 | 2921 | 6444 | 220 | 41 | 2832 | 6530 | 166 | |
| Dec | 913 | 414 | 3307 | 2921 | 6444 | 225 | 62 | 2832 | 6530 | 171 | |
| Soybean, US PNW |
Oct | 905.75 | 406 | 3239 | 2921 | 6444 | 293 | 56 | 2832 | 6530 | 239 |
| Nov | 905.75 | 406 | 3245 | 2921 | 6444 | 287 | 56 | 2832 | 6530 | 233 | |
| Dec | 913 | 409 | 3268 | 2921 | 6444 | 264 | 37 | 2832 | 6530 | 210 | |
| Soybean, Brazil |
Aug | 905.75 | 417 | 3320 | 2921 | 6444 | 276 | 55 | 2832 | 6530 | 223 |
| Sep | 905.75 | 420 | 3339 | 2921 | 6444 | 257 | 45 | 2832 | 6530 | 204 | |
| Oct | 905.75 | 422 | 3360 | 2921 | 6444 | 236 | 48 | 2832 | 6530 | 183 | |
| Nov | 905.75 | 423 | 3373 | 2921 | 6444 | 223 | 50 | 2832 | 6530 | 170 | |
| Dec | 913 | 424 | 3386 | 2921 | 6444 | 210 | 47 | 2832 | 6530 | 157 | |
| Jan,2021 | 913 | 405 | 3255 | 2764 | 6314 | 65 | 27 | 2832 | 6530 | 158 | |
| Feb,2021 | 915.75 | 399 | 3205 | 2764 | 6314 | 115 | 40 | 2832 | 6530 | 208 | |
| Mar,2021 | 915.75 | 390 | 3133 | 2764 | 6314 | 187 | 25 | 2832 | 6530 | 280 | |
| Apr,2021 | 919.75 | 388 | 3117 | 2764 | 6314 | 203 | 22 | 2832 | 6530 | 296 | |
| May,2021 | 919.75 | 390 | 3134 | 2764 | 6314 | 186 | 22 | 2832 | 6530 | 279 | |
| Jun,2021 | 925.5 | 391 | 3148 | 2764 | 6314 | 172 | 23 | 2832 | 6530 | 265 | |
| Soybean, Argentina | Sep | 905.75 | 411 | 3273 | 2921 | 6444 | 195 | 47 | 2832 | 6530 | 140 |
| May,2021 | 925.5 | 382 | 3070 | 2764 | 6314 | 250 | 23 | 2832 | 6530 | 343 | |
| 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%. | |||||||||||
