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 | 1430.5 | 597 | 4428 | 3752 | 7814 | 21 | -39 | 4013 | 8650 | 386 |
| Feb | 1430.5 | 597 | 4435 | 3752 | 7814 | 14 | -38 | 4013 | 8650 | 379 | |
| Soybean, US PNW |
Jan | 1430.5 | 595 | 4410 | 3752 | 7814 | 39 | -38 | 4013 | 8650 | 404 |
| Feb | 1430.5 | 595 | 4417 | 3752 | 7814 | 32 | -38 | 4013 | 8650 | 397 | |
| Oct | 1196.5 | 522 | 3915 | 3605 | 7270 | 314 | -87 | 4013 | 8650 | 899 | |
| Soybean, Brazil |
Jan | 1430.5 | 597 | 4429 | 3752 | 7814 | 98 | -38 | 4013 | 8650 | 471 |
| Feb | 1430.5 | 585 | 4347 | 3752 | 7814 | 180 | -38 | 4013 | 8650 | 553 | |
| Mar | 1430.5 | 578 | 4302 | 3752 | 7814 | 225 | -38 | 4013 | 8650 | 598 | |
| Apr | 1427.75 | 576 | 4310 | 3752 | 7814 | 217 | -39 | 4013 | 8650 | 590 | |
| May | 1427.75 | 579 | 4329 | 3752 | 7814 | 198 | -38 | 4013 | 8650 | 571 | |
| Jun | 1413.25 | 578 | 4322 | 3742 | 7368 | 108 | -52 | 4013 | 8650 | 578 | |
| Jul | 1413.25 | 582 | 4351 | 3742 | 7368 | 79 | -52 | 4013 | 8650 | 549 | |
| Soybean, Argentina | May | 1413.25 | 577 | 4319 | 3752 | 7814 | 52 | -40 | 4013 | 8650 | 408 |
| 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%. | |||||||||||
