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 |
Jan | 1418.25 | 592 | 4373 | 3766 | 8038 | 129 | 110 | 3864 | 8850 | 361 |
| Feb | 1418.25 | 592 | 4379 | 3766 | 8038 | 123 | 108 | 3864 | 8850 | 355 | |
| Soybean, US PNW |
Jan | 1418.25 | 590 | 4362 | 3766 | 8038 | 140 | 108 | 3864 | 8850 | 372 |
| Feb | 1418.25 | 590 | 4368 | 3766 | 8038 | 134 | 116 | 3864 | 8850 | 366 | |
| Oct | 1176.5 | 515 | 3847 | 3662 | 7486 | 468 | 59 | 3864 | 8850 | 887 | |
| Soybean, Brazil |
Jan | 1418.25 | 585 | 4322 | 3766 | 8038 | 261 | 94 | 3864 | 8850 | 501 |
| Feb | 1418.25 | 579 | 4288 | 3766 | 8038 | 295 | 94 | 3864 | 8850 | 535 | |
| Mar | 1418.25 | 570 | 4231 | 3766 | 8038 | 352 | 106 | 3864 | 8850 | 592 | |
| Apr | 1413.75 | 569 | 4243 | 3766 | 8038 | 340 | 111 | 3864 | 8850 | 580 | |
| May | 1413.75 | 571 | 4255 | 3766 | 8038 | 328 | 98 | 3864 | 8850 | 568 | |
| Jun | 1399.5 | 569 | 4243 | 3760 | 7594 | 246 | 33 | 3864 | 8850 | 580 | |
| Jul | 1399.5 | 577 | 4298 | 3760 | 7594 | 191 | 33 | 3864 | 8850 | 525 | |
| Soybean, Argentina | May | 1399.5 | 570 | 4252 | 3766 | 8038 | 170 | 96 | 3864 | 8850 | 394 |
| 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%. | |||||||||||
