Today is 11/18/2024
| 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 |
Feb | 1343.5 | 571 | 4240 | 3462 | 7644 | -53 | 15 | 3657 | 8480 | 260 |
| Oct | 1130.25 | 510 | 3831 | 3289 | 7088 | 114 | 29 | 3657 | 8480 | 669 | |
| Soybean, US PNW |
Feb | 1343.5 | 568 | 4222 | 3462 | 7644 | -35 | 15 | 3657 | 8480 | 278 |
| Oct | 1130.25 | 507 | 3812 | 3289 | 7088 | 133 | -1 | 3657 | 8480 | 688 | |
| Soybean, Brazil |
Feb | 1343.5 | 556 | 4133 | 3462 | 7644 | 131 | 30 | 3657 | 8480 | 452 |
| Mar | 1343.5 | 550 | 4101 | 3462 | 7644 | 163 | 14 | 3657 | 8480 | 484 | |
| Apr | 1342.75 | 550 | 4104 | 3462 | 7644 | 160 | 21 | 3657 | 8480 | 481 | |
| May | 1342.75 | 552 | 4141 | 3462 | 7644 | 123 | 0 | 3657 | 8480 | 444 | |
| Jun | 1328.5 | 551 | 4131 | 3479 | 7148 | 47 | 12 | 3657 | 8480 | 454 | |
| Jul | 1328.5 | 554 | 4158 | 3479 | 7148 | 20 | 12 | 3657 | 8480 | 427 | |
| Soybean, Argentina | May | 1328.5 | 549 | 4122 | 3462 | 7644 | -11 | 16 | 3657 | 8480 | 293 |
| 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%. | |||||||||||
