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 | 1370.25 | 580 | 4307 | 3494 | 7756 | -73 | -20 | 3697 | 8500 | 229 |
| Oct | 1148.5 | 516 | 3877 | 3311 | 7152 | 98 | -16 | 3697 | 8500 | 659 | |
| Soybean, US PNW |
Feb | 1370.25 | 578 | 4289 | 3494 | 7756 | -55 | -20 | 3697 | 8500 | 247 |
| Oct | 1148.5 | 514 | 3858 | 3311 | 7152 | 117 | -16 | 3697 | 8500 | 678 | |
| Soybean, Brazil |
Feb | 1370.25 | 566 | 4200 | 3494 | 7756 | 111 | -20 | 3697 | 8500 | 421 |
| Mar | 1370.25 | 560 | 4168 | 3494 | 7756 | 143 | -20 | 3697 | 8500 | 453 | |
| Apr | 1369.5 | 560 | 4171 | 3494 | 7756 | 140 | -20 | 3697 | 8500 | 450 | |
| May | 1369.5 | 562 | 4210 | 3494 | 7756 | 101 | -22 | 3697 | 8500 | 411 | |
| Jun | 1352.5 | 559 | 4193 | 3508 | 7240 | 26 | -21 | 3697 | 8500 | 428 | |
| Jul | 1352.5 | 563 | 4220 | 3508 | 7240 | -1 | -21 | 3697 | 8500 | 401 | |
| Soybean, Argentina | May | 1352.5 | 558 | 4183 | 3494 | 7756 | -27 | -16 | 3697 | 8500 | 268 |
| 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%. | |||||||||||
