Today is 12/22/2024
| 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 |
Dec | 1158.5 | 506 | 3801 | 3072 | 7788 | 106 | -18 | 3044 | 8160 | 154 |
| Jan | 1158.5 | 505 | 3796 | 3127 | 7252 | 52 | -17 | 3044 | 8160 | 159 | |
| Feb | 1163.5 | 507 | 3815 | 3127 | 7252 | 33 | -14 | 3044 | 8160 | 140 | |
| Soybean, US PNW |
Dec | 1158.5 | 499 | 3746 | 3072 | 7788 | 161 | -17 | 3044 | 8160 | 209 |
| Jan | 1158.5 | 497 | 3740 | 3127 | 7252 | 108 | -17 | 3044 | 8160 | 215 | |
| Feb | 1163.5 | 497 | 3746 | 3127 | 7252 | 102 | -14 | 3044 | 8160 | 209 | |
| Soybean, Brazil |
Jan | 1158.5 | 499 | 3755 | 3127 | 7252 | 166 | -16 | 3044 | 8160 | 282 |
| Feb | 1163.5 | 499 | 3761 | 3127 | 7252 | 160 | -8 | 3044 | 8160 | 276 | |
| Mar | 1163.5 | 486 | 3688 | 3127 | 7252 | 233 | -13 | 3044 | 8160 | 349 | |
| Apr | 1164.5 | 483 | 3666 | 3127 | 7252 | 255 | -11 | 3044 | 8160 | 371 | |
| May | 1164.5 | 484 | 3670 | 3127 | 7252 | 251 | -11 | 3044 | 8160 | 367 | |
| Jun | 1163 | 488 | 3697 | 3175 | 6934 | 198 | -11 | 3044 | 8160 | 340 | |
| Jul | 1163 | 490 | 3713 | 3175 | 6934 | 182 | -11 | 3044 | 8160 | 324 | |
| Soybean, Argentina | May | 1163 | 484 | 3673 | 3127 | 7252 | 103 | -10 | 3044 | 8160 | 201 |
| 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%. | |||||||||||
