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 |
Sep | 953.5 | 433 | 3407 | 2942 | 6676 | 186 | -36 | 2933 | 6830 | 208 |
| Oct | 953.5 | 433 | 3413 | 2942 | 6676 | 180 | -36 | 2933 | 6830 | 202 | |
| Nov | 953.5 | 432 | 3418 | 2942 | 6676 | 175 | -37 | 2933 | 6830 | 197 | |
| Dec | 959.75 | 431 | 3410 | 2942 | 6676 | 183 | -38 | 2933 | 6830 | 205 | |
| Soybean, US PNW |
Oct | 953.5 | 425 | 3355 | 2942 | 6676 | 238 | -36 | 2933 | 6830 | 260 |
| Nov | 953.5 | 425 | 3359 | 2942 | 6676 | 234 | -37 | 2933 | 6830 | 256 | |
| Dec | 959.75 | 427 | 3374 | 2942 | 6676 | 219 | -39 | 2933 | 6830 | 241 | |
| Soybean, Brazil |
Sep | 953.5 | 451 | 3551 | 2942 | 6676 | 108 | -46 | 2933 | 6830 | 132 |
| Oct | 953.5 | 451 | 3550 | 2942 | 6676 | 109 | -35 | 2933 | 6830 | 133 | |
| Nov | 953.5 | 450 | 3551 | 2942 | 6676 | 108 | -36 | 2933 | 6830 | 132 | |
| Dec | 959.75 | 451 | 3561 | 2942 | 6676 | 98 | -38 | 2933 | 6830 | 122 | |
| Jan,2021 | 959.75 | 422 | 3358 | 2796 | 6538 | 28 | -23 | 2933 | 6830 | 188 | |
| Feb,2021 | 959.75 | 413 | 3286 | 2796 | 6538 | 100 | -23 | 2933 | 6830 | 260 | |
| Mar,2021 | 959.75 | 405 | 3224 | 2796 | 6538 | 162 | -24 | 2933 | 6830 | 322 | |
| Apr,2021 | 960.5 | 402 | 3199 | 2796 | 6538 | 187 | -23 | 2933 | 6830 | 347 | |
| May,2021 | 960.5 | 404 | 3213 | 2796 | 6538 | 173 | -23 | 2933 | 6830 | 333 | |
| Jun,2021 | 962.75 | 405 | 3225 | 2796 | 6538 | 161 | -22 | 2933 | 6830 | 321 | |
| Soybean, Argentina | Sep | 953.5 | 429 | 3378 | 2942 | 6676 | 148 | -36 | 2933 | 6830 | 168 |
| May,2021 | 962.75 | 394 | 3140 | 2796 | 6538 | 246 | -23 | 2933 | 6830 | 406 | |
| 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 10:10 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%. | |||||||||||
