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 | 977.5 | 444 | 3490 | 3029 | 6734 | 182 | 13 | 2950 | 6940 | 159 |
| Oct | 977.5 | 444 | 3502 | 3029 | 6734 | 170 | 13 | 2950 | 6940 | 147 | |
| Nov | 977.5 | 444 | 3511 | 3029 | 6734 | 161 | 13 | 2950 | 6940 | 138 | |
| Dec | 981.5 | 443 | 3497 | 3029 | 6734 | 175 | 14 | 2950 | 6940 | 152 | |
| Jan,2021 | 981.5 | 440 | 3495 | 2872 | 6578 | 24 | 2 | 2950 | 6940 | 154 | |
| Soybean, US PNW |
Oct | 977.5 | 440 | 3469 | 3029 | 6734 | 203 | 13 | 2950 | 6940 | 180 |
| Nov | 977.5 | 440 | 3476 | 3029 | 6734 | 196 | 13 | 2950 | 6940 | 173 | |
| Dec | 981.5 | 439 | 3465 | 3029 | 6734 | 207 | 14 | 2950 | 6940 | 184 | |
| Soybean, Brazil |
Sep | 977.5 | 452 | 3552 | 3029 | 6734 | 188 | -5 | 2950 | 6940 | 167 |
| Oct | 977.5 | 452 | 3562 | 3029 | 6734 | 178 | -6 | 2950 | 6940 | 157 | |
| Nov | 977.5 | 453 | 3574 | 3029 | 6734 | 166 | -2 | 2950 | 6940 | 145 | |
| Dec | 981.5 | 456 | 3600 | 3029 | 6734 | 140 | -14 | 2950 | 6940 | 119 | |
| Jan,2021 | 981.5 | 427 | 3393 | 2872 | 6578 | 60 | 2 | 2950 | 6940 | 187 | |
| Feb,2021 | 980 | 423 | 3367 | 2872 | 6578 | 86 | 0 | 2950 | 6940 | 213 | |
| Mar,2021 | 980 | 415 | 3304 | 2872 | 6578 | 149 | 1 | 2950 | 6940 | 276 | |
| Apr,2021 | 980.5 | 410 | 3264 | 2872 | 6578 | 189 | 1 | 2950 | 6940 | 316 | |
| May,2021 | 980.5 | 412 | 3275 | 2872 | 6578 | 178 | 2 | 2950 | 6940 | 305 | |
| Jun,2021 | 982.5 | 414 | 3295 | 2872 | 6578 | 158 | 2 | 2950 | 6940 | 285 | |
| Soybean, Argentina | Sep | 977.5 | 436 | 3433 | 3029 | 6734 | 172 | 14 | 2950 | 6940 | 147 |
| May,2021 | 982.5 | 404 | 3215 | 2872 | 6578 | 238 | 2 | 2950 | 6940 | 365 | |
| 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%. | |||||||||||
