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 | 1044 | 485 | 3755 | 3230 | 7144 | 154 | -26 | 3218 | 7480 | 208 |
| Nov | 1044 | 485 | 3764 | 3230 | 7144 | 145 | -26 | 3218 | 7480 | 199 | |
| Dec | 1047 | 483 | 3761 | 3230 | 7144 | 148 | -27 | 3218 | 7480 | 202 | |
| Jan | 1047 | 481 | 3747 | 3033 | 6928 | -35 | -19 | 3218 | 7480 | 216 | |
| Soybean, US PNW |
Oct | 1044 | 481 | 3727 | 3230 | 7144 | 182 | -26 | 3218 | 7480 | 236 |
| Nov | 1044 | 481 | 3736 | 3230 | 7144 | 173 | -27 | 3218 | 7480 | 227 | |
| Dec | 1047 | 479 | 3732 | 3230 | 7144 | 177 | -27 | 3218 | 7480 | 231 | |
| Jan | 1047 | 478 | 3719 | 3033 | 6928 | -7 | -19 | 3218 | 7480 | 244 | |
| Soybean, Brazil |
Oct | 1044 | 496 | 3838 | 3230 | 7144 | 143 | -25 | 3218 | 7480 | 200 |
| Nov | 1044 | 496 | 3851 | 3230 | 7144 | 130 | -25 | 3218 | 7480 | 187 | |
| Dec | 1047 | 497 | 3864 | 3230 | 7144 | 117 | -27 | 3218 | 7480 | 174 | |
| Jan | 1047 | 464 | 3615 | 3033 | 6928 | 167 | -18 | 3218 | 7480 | 423 | |
| Feb | 1037.25 | 451 | 3535 | 3033 | 6928 | 247 | -23 | 3218 | 7480 | 503 | |
| Mar | 1037.25 | 445 | 3493 | 3033 | 6928 | 289 | -23 | 3218 | 7480 | 545 | |
| Apr | 1034.5 | 439 | 3442 | 3033 | 6928 | 340 | -21 | 3218 | 7480 | 596 | |
| May | 1034.5 | 438 | 3434 | 3033 | 6928 | 348 | -21 | 3218 | 7480 | 604 | |
| Jun | 1038.5 | 440 | 3454 | 3007 | 6790 | 280 | -28 | 3218 | 7480 | 584 | |
| Jul | 1038.5 | 442 | 3468 | 3007 | 6790 | 266 | -27 | 3218 | 7480 | 570 | |
| Soybean, Argentina | Oct | 1044 | 475 | 3687 | 3230 | 7144 | 151 | -26 | 3218 | 7480 | 202 |
| May | 1038.5 | 437 | 3428 | 3033 | 6928 | 215 | -21 | 3218 | 7480 | 461 | |
| 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%. | |||||||||||
