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 | 1073.75 | 496 | 3804 | 3256 | 7144 | 126 | -18 | 3286 | 7510 | 219 |
| Nov | 1073.75 | 496 | 3804 | 3256 | 7144 | 126 | -10 | 3286 | 7510 | 219 | |
| Dec | 1072.25 | 493 | 3795 | 3256 | 7144 | 135 | -9 | 3286 | 7510 | 228 | |
| Jan | 1072.25 | 491 | 3787 | 3084 | 6880 | -43 | -18 | 3286 | 7510 | 236 | |
| Feb | 1058.75 | 483 | 3724 | 3084 | 6880 | 20 | 3286 | 7510 | 299 | ||
| Soybean, US PNW |
Oct | 1073.75 | 492 | 3774 | 3256 | 7144 | 156 | -17 | 3286 | 7510 | 249 |
| Nov | 1073.75 | 492 | 3774 | 3256 | 7144 | 156 | -10 | 3286 | 7510 | 249 | |
| Dec | 1072.25 | 487 | 3751 | 3256 | 7144 | 179 | -8 | 3286 | 7510 | 272 | |
| Jan | 1072.25 | 486 | 3750 | 3084 | 6880 | -6 | -11 | 3286 | 7510 | 273 | |
| Feb | 1058.75 | 481 | 3707 | 3084 | 6880 | 37 | 3286 | 7510 | 316 | ||
| Soybean, Brazil |
Oct | 1073.75 | 510 | 3910 | 3256 | 7144 | 91 | 8 | 3286 | 7510 | 188 |
| Nov | 1073.75 | 510 | 3913 | 3256 | 7144 | 88 | 17 | 3286 | 7510 | 185 | |
| Dec | 1072.25 | 509 | 3915 | 3256 | 7144 | 86 | 18 | 3286 | 7510 | 183 | |
| Feb | 1058.75 | 475 | 3667 | 3084 | 6880 | 145 | -107 | 3286 | 7510 | 431 | |
| Mar | 1058.75 | 455 | 3514 | 3084 | 6880 | 298 | 13 | 3286 | 7510 | 584 | |
| Apr | 1055 | 449 | 3466 | 3084 | 6880 | 346 | 0 | 3286 | 7510 | 632 | |
| May | 1055 | 448 | 3461 | 3084 | 6880 | 351 | 19 | 3286 | 7510 | 637 | |
| Jun | 1055.75 | 452 | 3491 | 3089 | 6714 | 292 | 8 | 3286 | 7510 | 607 | |
| Jul | 1055.75 | 452 | 3491 | 3089 | 6714 | 292 | 30 | 3286 | 7510 | 607 | |
| Soybean, Argentina | Oct | 1073.75 | 493 | 3782 | 3256 | 7144 | 76 | -12 | 3286 | 7510 | 166 |
| May | 1055.75 | 445 | 3437 | 3084 | 6880 | 238 | 18 | 3286 | 7510 | 511 | |
| 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%. | |||||||||||
