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 | 968 | 439 | 3453 | 3000 | 6898 | 228 | 20 | 2953 | 6930 | 197 |
| Oct | 968 | 440 | 3468 | 3000 | 6898 | 213 | 11 | 2953 | 6930 | 182 | |
| Nov | 968 | 440 | 3477 | 3000 | 6898 | 204 | -2 | 2953 | 6930 | 173 | |
| Dec | 973.5 | 438 | 3459 | 3000 | 6898 | 222 | -1 | 2953 | 6930 | 191 | |
| Jan,2021 | 973.5 | 434 | 3451 | 2866 | 6730 | 92 | 29 | 2953 | 6930 | 199 | |
| Soybean, US PNW |
Oct | 968 | 435 | 3427 | 3000 | 6898 | 254 | -3 | 2953 | 6930 | 223 |
| Nov | 968 | 434 | 3428 | 3000 | 6898 | 253 | -3 | 2953 | 6930 | 222 | |
| Dec | 973.5 | 435 | 3435 | 3000 | 6898 | 246 | 0 | 2953 | 6930 | 215 | |
| Soybean, Brazil |
Sep | 968 | 446 | 3505 | 3000 | 6898 | 245 | 60 | 2953 | 6930 | 214 |
| Oct | 968 | 446 | 3514 | 3000 | 6898 | 236 | 63 | 2953 | 6930 | 205 | |
| Nov | 968 | 447 | 3531 | 3000 | 6898 | 219 | 40 | 2953 | 6930 | 188 | |
| Dec | 973.5 | 449 | 3547 | 3000 | 6898 | 203 | 35 | 2953 | 6930 | 172 | |
| Jan,2021 | 973.5 | 426 | 3383 | 2866 | 6730 | 93 | 18 | 2953 | 6930 | 197 | |
| Feb,2021 | 973.75 | 421 | 3348 | 2866 | 6730 | 128 | -11 | 2953 | 6930 | 232 | |
| Mar,2021 | 973.75 | 412 | 3276 | 2866 | 6730 | 200 | 4 | 2953 | 6930 | 304 | |
| Apr,2021 | 975.5 | 406 | 3234 | 2866 | 6730 | 242 | 18 | 2953 | 6930 | 346 | |
| May,2021 | 975.5 | 408 | 3248 | 2866 | 6730 | 228 | 16 | 2953 | 6930 | 332 | |
| Jun,2021 | 978 | 412 | 3281 | 2866 | 6730 | 195 | 4 | 2953 | 6930 | 299 | |
| Soybean, Argentina | Sep | 968 | 432 | 3397 | 3000 | 6898 | 215 | 16 | 2953 | 6930 | 183 |
| May,2021 | 978 | 401 | 3193 | 2866 | 6730 | 283 | 10 | 2953 | 6930 | 387 | |
| 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%. | |||||||||||
