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 | 996.25 | 460 | 3613 | 3072 | 6954 | 135 | -18 | 3050 | 7200 | 165 |
| Oct | 996.25 | 460 | 3619 | 3072 | 6954 | 129 | -18 | 3050 | 7200 | 159 | |
| Nov | 996.25 | 460 | 3626 | 3072 | 6954 | 122 | -18 | 3050 | 7200 | 152 | |
| Dec | 1000.25 | 459 | 3620 | 3072 | 6954 | 128 | -18 | 3050 | 7200 | 158 | |
| Jan | 1000.25 | 454 | 3599 | 2877 | 6776 | -39 | -14 | 3050 | 7200 | 179 | |
| Soybean, US PNW |
Oct | 996.25 | 456 | 3590 | 3072 | 6954 | 158 | -18 | 3050 | 7200 | 188 |
| Nov | 996.25 | 456 | 3600 | 3072 | 6954 | 148 | -18 | 3050 | 7200 | 178 | |
| Dec | 1000.25 | 456 | 3594 | 3072 | 6954 | 154 | -19 | 3050 | 7200 | 184 | |
| Soybean, Brazil |
Sep | 996.25 | 461 | 3619 | 3072 | 6954 | 199 | -18 | 3050 | 7200 | 231 |
| Oct | 996.25 | 462 | 3635 | 3072 | 6954 | 183 | -17 | 3050 | 7200 | 215 | |
| Nov | 996.25 | 463 | 3651 | 3072 | 6954 | 167 | -19 | 3050 | 7200 | 199 | |
| Dec | 1000.25 | 463 | 3653 | 3072 | 6954 | 165 | -18 | 3050 | 7200 | 197 | |
| Jan | 1000.25 | 435 | 3457 | 2877 | 6776 | 171 | -14 | 3050 | 7200 | 393 | |
| Feb | 996.25 | 432 | 3433 | 2877 | 6776 | 195 | -18 | 3050 | 7200 | 417 | |
| Mar | 996.25 | 424 | 3371 | 2877 | 6776 | 257 | -18 | 3050 | 7200 | 479 | |
| Apr | 996 | 422 | 3354 | 2877 | 6776 | 274 | -22 | 3050 | 7200 | 496 | |
| May | 996 | 423 | 3360 | 2877 | 6776 | 268 | -22 | 3050 | 7200 | 490 | |
| Jun | 999.75 | 426 | 3385 | 2906 | 6632 | 237 | -27 | 3050 | 7200 | 465 | |
| Soybean, Argentina | Sep | 996.25 | 447 | 3515 | 3072 | 6954 | 164 | -17 | 3050 | 7200 | 191 |
| May | 999.75 | 418 | 3323 | 2877 | 6776 | 170 | -24 | 3050 | 7200 | 383 | |
| 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%. | |||||||||||
