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 | 999.5 | 455 | 3556 | 3115 | 6990 | 233 | 24 | 3064 | 7130 | 219 |
| Oct | 999.5 | 457 | 3573 | 3115 | 6990 | 216 | 24 | 3064 | 7130 | 202 | |
| Nov | 999.5 | 454 | 3562 | 3115 | 6990 | 227 | 24 | 3064 | 7130 | 213 | |
| Dec | 1003.25 | 452 | 3547 | 3115 | 6990 | 242 | 22 | 3064 | 7130 | 228 | |
| Jan,2021 | 1003.25 | 449 | 3541 | 2939 | 6820 | 77 | -1 | 3064 | 7130 | 234 | |
| Soybean, US PNW |
Oct | 999.5 | 450 | 3521 | 3115 | 6990 | 268 | 24 | 3064 | 7130 | 254 |
| Nov | 999.5 | 450 | 3531 | 3115 | 6990 | 258 | 23 | 3064 | 7130 | 244 | |
| Dec | 1003.25 | 450 | 3530 | 3115 | 6990 | 259 | 17 | 3064 | 7130 | 245 | |
| Soybean, Brazil |
Sep | 999.5 | 461 | 3599 | 3115 | 6990 | 260 | 25 | 3064 | 7130 | 248 |
| Oct | 999.5 | 461 | 3609 | 3115 | 6990 | 250 | 25 | 3064 | 7130 | 238 | |
| Nov | 999.5 | 462 | 3623 | 3115 | 6990 | 236 | 26 | 3064 | 7130 | 224 | |
| Dec | 1003.25 | 465 | 3642 | 3115 | 6990 | 217 | 24 | 3064 | 7130 | 205 | |
| Jan,2021 | 1003.25 | 437 | 3445 | 2939 | 6820 | 104 | -2 | 3064 | 7130 | 259 | |
| Feb,2021 | 1002 | 433 | 3415 | 2939 | 6820 | 134 | -7 | 3064 | 7130 | 289 | |
| Mar,2021 | 1002 | 423 | 3344 | 2939 | 6820 | 205 | -7 | 3064 | 7130 | 360 | |
| Apr,2021 | 1002 | 420 | 3319 | 2939 | 6820 | 230 | -11 | 3064 | 7130 | 385 | |
| May,2021 | 1002 | 422 | 3333 | 2939 | 6820 | 216 | -11 | 3064 | 7130 | 371 | |
| Jun,2021 | 1002.75 | 423 | 3341 | 2939 | 6820 | 208 | -15 | 3064 | 7130 | 363 | |
| Soybean, Argentina | Sep | 999.5 | 443 | 3463 | 3115 | 6990 | 256 | 21 | 3064 | 7130 | 241 |
| May,2021 | 1002.75 | 412 | 3256 | 2939 | 6820 | 293 | -15 | 3064 | 7130 | 448 | |
| 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%. | |||||||||||
