Today is 12/23/2024
| 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 | 920.25 | 417 | 3317 | 2943 | 6384 | 221 | -15 | 2867 | 6520 | 187 |
| Sep | 920.25 | 419 | 3329 | 2943 | 6384 | 209 | -15 | 2867 | 6520 | 175 | |
| Oct | 920.25 | 419 | 3336 | 2943 | 6384 | 202 | -23 | 2867 | 6520 | 168 | |
| Nov | 920.25 | 419 | 3343 | 2943 | 6384 | 195 | -25 | 2867 | 6520 | 161 | |
| Dec | 927.25 | 420 | 3348 | 2943 | 6384 | 190 | -35 | 2867 | 6520 | 156 | |
| Soybean, US PNW |
Oct | 920.25 | 411 | 3277 | 2943 | 6384 | 261 | -32 | 2867 | 6520 | 227 |
| Nov | 920.25 | 411 | 3283 | 2943 | 6384 | 255 | -32 | 2867 | 6520 | 221 | |
| Dec | 927.25 | 414 | 3306 | 2943 | 6384 | 232 | -32 | 2867 | 6520 | 198 | |
| Soybean, Brazil |
Aug | 920.25 | 423 | 3359 | 2943 | 6384 | 243 | -33 | 2867 | 6520 | 210 |
| Sep | 920.25 | 425 | 3378 | 2943 | 6384 | 224 | -33 | 2867 | 6520 | 191 | |
| Oct | 920.25 | 428 | 3406 | 2943 | 6384 | 196 | -40 | 2867 | 6520 | 163 | |
| Nov | 920.25 | 428 | 3414 | 2943 | 6384 | 188 | -35 | 2867 | 6520 | 155 | |
| Dec | 927.25 | 432 | 3446 | 2943 | 6384 | 156 | -54 | 2867 | 6520 | 123 | |
| Jan,2021 | 927.25 | 410 | 3293 | 2782 | 6262 | 32 | -33 | 2867 | 6520 | 146 | |
| Feb,2021 | 929.5 | 404 | 3242 | 2782 | 6262 | 83 | -32 | 2867 | 6520 | 197 | |
| Mar,2021 | 929.5 | 394 | 3164 | 2782 | 6262 | 161 | -26 | 2867 | 6520 | 275 | |
| Apr,2021 | 932.5 | 391 | 3145 | 2782 | 6262 | 180 | -23 | 2867 | 6520 | 294 | |
| May,2021 | 932.5 | 394 | 3165 | 2782 | 6262 | 160 | -26 | 2867 | 6520 | 274 | |
| Jun,2021 | 937.25 | 396 | 3179 | 2782 | 6262 | 146 | -26 | 2867 | 6520 | 260 | |
| Soybean, Argentina | Sep | 920.25 | 417 | 3312 | 2943 | 6384 | 162 | -33 | 2867 | 6520 | 127 |
| May,2021 | 937.25 | 386 | 3101 | 2782 | 6262 | 224 | -26 | 2867 | 6520 | 338 | |
| 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%. | |||||||||||
