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 | 1014.5 | 467 | 3663 | 3103 | 6900 | 99 | -47 | 3053 | 7260 | 128 |
| Oct | 1014.5 | 467 | 3668 | 3103 | 6900 | 94 | -48 | 3053 | 7260 | 123 | |
| Nov | 1014.5 | 467 | 3675 | 3103 | 6900 | 87 | -48 | 3053 | 7260 | 116 | |
| Dec | 1018.75 | 466 | 3670 | 3103 | 6900 | 92 | -46 | 3053 | 7260 | 121 | |
| Jan | 1018.75 | 461 | 3648 | 2876 | 6714 | -100 | -79 | 3053 | 7260 | 143 | |
| Soybean, US PNW |
Oct | 1014.5 | 462 | 3630 | 3103 | 6900 | 132 | -47 | 3053 | 7260 | 161 |
| Nov | 1014.5 | 462 | 3640 | 3103 | 6900 | 122 | -47 | 3053 | 7260 | 151 | |
| Dec | 1018.75 | 462 | 3643 | 3103 | 6900 | 119 | -46 | 3053 | 7260 | 148 | |
| Soybean, Brazil |
Sep | 1014.5 | 468 | 3669 | 3103 | 6900 | 162 | -50 | 3053 | 7260 | 195 |
| Oct | 1014.5 | 467 | 3670 | 3103 | 6900 | 161 | -49 | 3053 | 7260 | 194 | |
| Nov | 1014.5 | 468 | 3685 | 3103 | 6900 | 146 | -50 | 3053 | 7260 | 179 | |
| Dec | 1018.75 | 470 | 3703 | 3103 | 6900 | 128 | -49 | 3053 | 7260 | 161 | |
| Jan | 1018.75 | 444 | 3520 | 2876 | 6714 | 95 | -80 | 3053 | 7260 | 344 | |
| Feb | 1013.5 | 440 | 3492 | 2876 | 6714 | 123 | -72 | 3053 | 7260 | 372 | |
| Mar | 1013.5 | 432 | 3427 | 2876 | 6714 | 188 | -81 | 3053 | 7260 | 437 | |
| Apr | 1010.25 | 425 | 3373 | 2876 | 6714 | 242 | -81 | 3053 | 7260 | 491 | |
| May | 1010.25 | 426 | 3382 | 2876 | 6714 | 233 | -82 | 3053 | 7260 | 482 | |
| Jun | 1012.5 | 428 | 3399 | 2900 | 6614 | 215 | -73 | 3053 | 7260 | 465 | |
| Soybean, Argentina | Sep | 1014.5 | 454 | 3565 | 3103 | 6900 | 128 | -46 | 3053 | 7260 | 154 |
| May | 1012.5 | 419 | 3328 | 2876 | 6714 | 153 | -78 | 3053 | 7260 | 391 | |
| 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%. | |||||||||||
