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 | 1022.5 | 470 | 3669 | 3116 | 7286 | 177 | -29 | 3093 | 7630 | 224 |
| Oct | 1022.5 | 469 | 3673 | 3116 | 7286 | 173 | -21 | 3093 | 7630 | 220 | |
| Nov | 1022.5 | 469 | 3679 | 3116 | 7286 | 167 | -48 | 3093 | 7630 | 214 | |
| Dec | 1027.5 | 469 | 3677 | 3116 | 7286 | 169 | -56 | 3093 | 7630 | 216 | |
| Jan | 1027.5 | 464 | 3656 | 2933 | 7072 | 5 | -46 | 3093 | 7630 | 237 | |
| Soybean, US PNW |
Oct | 1022.5 | 465 | 3635 | 3116 | 7286 | 211 | -17 | 3093 | 7630 | 258 |
| Nov | 1022.5 | 465 | 3645 | 3116 | 7286 | 201 | -15 | 3093 | 7630 | 248 | |
| Dec | 1027.5 | 466 | 3650 | 3116 | 7286 | 196 | -20 | 3093 | 7630 | 243 | |
| Soybean, Brazil |
Sep | 1022.5 | 471 | 3674 | 3116 | 7286 | 245 | -7 | 3093 | 7630 | 295 |
| Oct | 1022.5 | 470 | 3675 | 3116 | 7286 | 244 | 1 | 3093 | 7630 | 294 | |
| Nov | 1022.5 | 471 | 3690 | 3116 | 7286 | 229 | 1 | 3093 | 7630 | 279 | |
| Dec | 1027.5 | 473 | 3709 | 3116 | 7286 | 210 | 1 | 3093 | 7630 | 260 | |
| Jan | 1027.5 | 447 | 3529 | 2933 | 7072 | 202 | -5 | 3093 | 7630 | 440 | |
| Feb | 1021 | 444 | 3506 | 2933 | 7072 | 225 | -30 | 3093 | 7630 | 463 | |
| Mar | 1021 | 435 | 3432 | 2933 | 7072 | 299 | -21 | 3093 | 7630 | 537 | |
| Apr | 1017 | 428 | 3377 | 2933 | 7072 | 354 | -31 | 3093 | 7630 | 592 | |
| May | 1017 | 429 | 3385 | 2933 | 7072 | 346 | -28 | 3093 | 7630 | 584 | |
| Jun | 1018.75 | 431 | 3401 | 2955 | 6974 | 328 | -25 | 3093 | 7630 | 568 | |
| Soybean, Argentina | Sep | 1022.5 | 457 | 3571 | 3116 | 7286 | 202 | -38 | 3093 | 7630 | 246 |
| May | 1018.75 | 422 | 3331 | 2933 | 7072 | 259 | -47 | 3093 | 7630 | 486 | |
| 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%. | |||||||||||
