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 |
Oct | 1033.75 | 481 | 3737 | 3236 | 7160 | 180 | 21 | 3246 | 7520 | 256 |
| Nov | 1033.75 | 481 | 3746 | 3236 | 7160 | 171 | 19 | 3246 | 7520 | 247 | |
| Dec | 1036.75 | 479 | 3742 | 3236 | 7160 | 175 | 17 | 3246 | 7520 | 251 | |
| Jan | 1036.75 | 478 | 3727 | 3027 | 6948 | -16 | 23 | 3246 | 7520 | 266 | |
| Soybean, US PNW |
Oct | 1033.75 | 477 | 3709 | 3236 | 7160 | 208 | 20 | 3246 | 7520 | 284 |
| Nov | 1033.75 | 477 | 3717 | 3236 | 7160 | 200 | 19 | 3246 | 7520 | 276 | |
| Dec | 1036.75 | 476 | 3713 | 3236 | 7160 | 204 | 17 | 3246 | 7520 | 280 | |
| Jan | 1036.75 | 474 | 3699 | 3027 | 6948 | 12 | 23 | 3246 | 7520 | 294 | |
| Soybean, Brazil |
Oct | 1033.75 | 492 | 3820 | 3236 | 7160 | 168 | -7 | 3246 | 7520 | 248 |
| Nov | 1033.75 | 492 | 3833 | 3236 | 7160 | 155 | -6 | 3246 | 7520 | 235 | |
| Dec | 1036.75 | 493 | 3844 | 3236 | 7160 | 144 | -69 | 3246 | 7520 | 224 | |
| Jan | 1036.75 | 460 | 3596 | 3027 | 6948 | 185 | -56 | 3246 | 7520 | 472 | |
| Feb | 1025.75 | 447 | 3511 | 3027 | 6948 | 270 | -38 | 3246 | 7520 | 557 | |
| Mar | 1025.75 | 441 | 3469 | 3027 | 6948 | 312 | -29 | 3246 | 7520 | 599 | |
| Apr | 1024 | 435 | 3420 | 3027 | 6948 | 361 | -20 | 3246 | 7520 | 648 | |
| May | 1024 | 434 | 3412 | 3027 | 6948 | 369 | -3 | 3246 | 7520 | 656 | |
| Jun | 1028.25 | 436 | 3432 | 3008 | 6820 | 308 | -15 | 3246 | 7520 | 636 | |
| Jul | 1028.25 | 438 | 3447 | 3008 | 6820 | 293 | -10 | 3246 | 7520 | 621 | |
| Soybean, Argentina | Oct | 1033.75 | 471 | 3668 | 3236 | 7160 | 177 | 3246 | 7520 | 250 | |
| May | 1028.25 | 433 | 3406 | 3027 | 6948 | 236 | -33 | 3246 | 7520 | 512 | |
| 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%. | |||||||||||
