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 | 1087.75 | 501 | 3859 | 3255 | 7306 | 101 | -30 | 3268 | 7620 | 171 |
| Nov | 1087.75 | 501 | 3859 | 3255 | 7306 | 101 | -30 | 3268 | 7620 | 171 | |
| Dec | 1083.5 | 497 | 3837 | 3255 | 7306 | 123 | -22 | 3268 | 7620 | 193 | |
| Jan | 1083.5 | 494 | 3818 | 3103 | 7012 | -34 | 5 | 3268 | 7620 | 212 | |
| Feb | 1069 | 486 | 3762 | 3103 | 7012 | 22 | -5 | 3268 | 7620 | 268 | |
| Soybean, US PNW |
Oct | 1087.75 | 497 | 3829 | 3255 | 7306 | 131 | -29 | 3268 | 7620 | 201 |
| Nov | 1087.75 | 497 | 3829 | 3255 | 7306 | 131 | -29 | 3268 | 7620 | 201 | |
| Dec | 1083.5 | 492 | 3793 | 3255 | 7306 | 167 | -21 | 3268 | 7620 | 237 | |
| Jan | 1083.5 | 490 | 3788 | 3103 | 7012 | -4 | -8 | 3268 | 7620 | 242 | |
| Feb | 1069 | 483 | 3734 | 3103 | 7012 | 50 | 3 | 3268 | 7620 | 296 | |
| Soybean, Brazil |
Oct | 1087.75 | 515 | 3965 | 3255 | 7306 | 68 | -30 | 3268 | 7620 | 141 |
| Nov | 1087.75 | 515 | 3969 | 3255 | 7306 | 64 | -30 | 3268 | 7620 | 137 | |
| Dec | 1083.5 | 513 | 3957 | 3255 | 7306 | 76 | -22 | 3268 | 7620 | 149 | |
| Jan | 1083.5 | 483 | 3740 | 3103 | 7012 | 114 | -8 | 3268 | 7620 | 366 | |
| Feb | 1069 | 477 | 3694 | 3103 | 7012 | 160 | 8 | 3268 | 7620 | 412 | |
| Mar | 1069 | 459 | 3579 | 3103 | 7012 | 275 | -6 | 3268 | 7620 | 527 | |
| Apr | 1061.5 | 451 | 3518 | 3103 | 7012 | 336 | -1 | 3268 | 7620 | 588 | |
| May | 1061.5 | 452 | 3520 | 3103 | 7012 | 334 | 0 | 3268 | 7620 | 586 | |
| Jun | 1058 | 453 | 3530 | 3114 | 6826 | 295 | 9 | 3268 | 7620 | 576 | |
| Jul | 1058 | 455 | 3547 | 3114 | 6826 | 278 | 9 | 3268 | 7620 | 559 | |
| Soybean, Argentina | Oct | 1087.75 | 498 | 3837 | 3255 | 7306 | 50 | -30 | 3268 | 7620 | 116 |
| May | 1058 | 446 | 3476 | 3103 | 7012 | 238 | 5 | 3268 | 7620 | 477 | |
| 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%. | |||||||||||
