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 | 991.5 | 452 | 3522 | 3069 | 7000 | 233 | 0 | 3059 | 7120 | 247 |
| Oct | 991.5 | 454 | 3539 | 3069 | 7000 | 216 | 0 | 3059 | 7120 | 230 | |
| Nov | 991.5 | 451 | 3529 | 3069 | 7000 | 226 | -1 | 3059 | 7120 | 240 | |
| Dec | 995.75 | 450 | 3514 | 3069 | 7000 | 241 | -1 | 3059 | 7120 | 255 | |
| Jan | 995.75 | 446 | 3508 | 2906 | 6816 | 83 | 6 | 3059 | 7120 | 261 | |
| Soybean, US PNW |
Oct | 991.5 | 447 | 3488 | 3069 | 7000 | 267 | -1 | 3059 | 7120 | 281 |
| Nov | 991.5 | 447 | 3497 | 3069 | 7000 | 258 | 0 | 3059 | 7120 | 272 | |
| Dec | 995.75 | 447 | 3498 | 3069 | 7000 | 257 | -2 | 3059 | 7120 | 271 | |
| Soybean, Brazil |
Sep | 991.5 | 458 | 3566 | 3069 | 7000 | 259 | -1 | 3059 | 7120 | 275 |
| Oct | 991.5 | 458 | 3575 | 3069 | 7000 | 250 | 0 | 3059 | 7120 | 266 | |
| Nov | 991.5 | 459 | 3589 | 3069 | 7000 | 236 | 0 | 3059 | 7120 | 252 | |
| Dec | 995.75 | 462 | 3610 | 3069 | 7000 | 215 | -2 | 3059 | 7120 | 231 | |
| Jan | 995.75 | 434 | 3413 | 2906 | 6816 | 110 | 6 | 3059 | 7120 | 285 | |
| Feb | 996 | 430 | 3386 | 2906 | 6816 | 137 | 3 | 3059 | 7120 | 312 | |
| Mar | 996 | 421 | 3316 | 2906 | 6816 | 207 | 2 | 3059 | 7120 | 382 | |
| Apr | 998 | 419 | 3297 | 2906 | 6816 | 226 | -4 | 3059 | 7120 | 401 | |
| May | 998 | 421 | 3311 | 2906 | 6816 | 212 | -4 | 3059 | 7120 | 387 | |
| Jun | 1000 | 422 | 3322 | 2906 | 6816 | 201 | -7 | 3059 | 7120 | 376 | |
| Soybean, Argentina | Sep | 991.5 | 440 | 3430 | 3069 | 7000 | 255 | -1 | 3059 | 7120 | 268 |
| May | 1000 | 411 | 3238 | 2906 | 6816 | 285 | -8 | 3059 | 7120 | 460 | |
| 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%. | |||||||||||
