Today is 04/25/2024
| 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 |
Jan | 1374.75 | 579 | 4306 | 3608 | 8148 | 92 | 25 | 3577 | 8970 | 224 |
| Feb | 1374.75 | 578 | 4308 | 3608 | 8148 | 90 | 26 | 3577 | 8970 | 222 | |
| Soybean, US PNW |
Jan | 1374.75 | 579 | 4306 | 3608 | 8148 | 92 | 25 | 3577 | 8970 | 224 |
| Feb | 1374.75 | 578 | 4305 | 3608 | 8148 | 93 | 26 | 3577 | 8970 | 225 | |
| Oct | 1161.75 | 510 | 3835 | 3515 | 7738 | 412 | 28 | 3577 | 8970 | 695 | |
| Soybean, Brazil |
Jan | 1374.75 | 569 | 4238 | 3608 | 8148 | 242 | 26 | 3577 | 8970 | 382 |
| Feb | 1374.75 | 562 | 4189 | 3608 | 8148 | 291 | 27 | 3577 | 8970 | 431 | |
| Mar | 1374.75 | 556 | 4153 | 3608 | 8148 | 327 | 26 | 3577 | 8970 | 467 | |
| Apr | 1371.25 | 555 | 4161 | 3608 | 8148 | 319 | 32 | 3577 | 8970 | 459 | |
| May | 1371.25 | 554 | 4159 | 3608 | 8148 | 321 | 32 | 3577 | 8970 | 461 | |
| Jun | 1358 | 553 | 4151 | 3609 | 7678 | 236 | 17 | 3577 | 8970 | 469 | |
| Jul | 1358 | 561 | 4206 | 3609 | 7678 | 181 | 12 | 3577 | 8970 | 414 | |
| Soybean, Argentina | May | 1358 | 555 | 4165 | 3608 | 8148 | 152 | 35 | 3577 | 8970 | 275 |
| 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%. | |||||||||||
