Today is 05/02/2025
| 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 | 1019.75 | 469 | 3660 | 3116 | 7078 | 146 | -31 | 3061 | 7410 | 166 |
| Oct | 1019.75 | 468 | 3664 | 3116 | 7078 | 142 | -31 | 3061 | 7410 | 162 | |
| Nov | 1019.75 | 468 | 3671 | 3116 | 7078 | 135 | -32 | 3061 | 7410 | 155 | |
| Dec | 1024.5 | 468 | 3668 | 3116 | 7078 | 138 | -31 | 3061 | 7410 | 158 | |
| Jan | 1024.5 | 463 | 3647 | 2927 | 6912 | -21 | -26 | 3061 | 7410 | 179 | |
| Soybean, US PNW |
Oct | 1019.75 | 464 | 3627 | 3116 | 7078 | 179 | -32 | 3061 | 7410 | 199 |
| Nov | 1019.75 | 464 | 3637 | 3116 | 7078 | 169 | -32 | 3061 | 7410 | 189 | |
| Dec | 1024.5 | 465 | 3641 | 3116 | 7078 | 165 | -31 | 3061 | 7410 | 185 | |
| Soybean, Brazil |
Sep | 1019.75 | 470 | 3665 | 3116 | 7078 | 212 | -33 | 3061 | 7410 | 235 |
| Oct | 1019.75 | 469 | 3667 | 3116 | 7078 | 210 | -34 | 3061 | 7410 | 233 | |
| Nov | 1019.75 | 470 | 3681 | 3116 | 7078 | 196 | -33 | 3061 | 7410 | 219 | |
| Dec | 1024.5 | 472 | 3700 | 3116 | 7078 | 177 | -33 | 3061 | 7410 | 200 | |
| Jan | 1024.5 | 446 | 3520 | 2927 | 6912 | 175 | -27 | 3061 | 7410 | 380 | |
| Feb | 1019 | 444 | 3500 | 2927 | 6912 | 195 | -30 | 3061 | 7410 | 400 | |
| Mar | 1019 | 434 | 3426 | 2927 | 6912 | 269 | -30 | 3061 | 7410 | 474 | |
| Apr | 1015.5 | 427 | 3372 | 2927 | 6912 | 323 | -31 | 3061 | 7410 | 528 | |
| May | 1015.5 | 428 | 3380 | 2927 | 6912 | 315 | -31 | 3061 | 7410 | 520 | |
| Jun | 1017 | 430 | 3396 | 2943 | 6794 | 288 | -40 | 3061 | 7410 | 504 | |
| Soybean, Argentina | Sep | 1019.75 | 456 | 3562 | 3116 | 7078 | 174 | -28 | 3061 | 7410 | 190 |
| May | 1017 | 421 | 3325 | 2927 | 6912 | 231 | -28 | 3061 | 7410 | 427 | |
| 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%. | |||||||||||
