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 | 1353.25 | 574 | 4262 | 3457 | 7814 | -46 | 25 | 3769 | 8670 | 363 |
| Oct | 1131.25 | 510 | 3833 | 3295 | 7196 | 137 | 28 | 3769 | 8670 | 792 | |
| Soybean, US PNW |
Feb | 1353.25 | 577 | 4279 | 3457 | 7814 | -63 | 25 | 3769 | 8670 | 346 |
| Oct | 1131.25 | 508 | 3814 | 3295 | 7196 | 156 | 28 | 3769 | 8670 | 811 | |
| Soybean, Brazil |
Feb | 1353.25 | 563 | 4178 | 3457 | 7814 | 116 | 23 | 3769 | 8670 | 534 |
| Mar | 1353.25 | 556 | 4137 | 3457 | 7814 | 157 | 26 | 3769 | 8670 | 575 | |
| Apr | 1351.5 | 553 | 4127 | 3457 | 7814 | 167 | 25 | 3769 | 8670 | 585 | |
| May | 1351.5 | 554 | 4158 | 3457 | 7814 | 136 | 26 | 3769 | 8670 | 554 | |
| Jun | 1333 | 553 | 4148 | 3476 | 7278 | 54 | 28 | 3769 | 8670 | 564 | |
| Jul | 1333 | 557 | 4175 | 3476 | 7278 | 27 | 28 | 3769 | 8670 | 537 | |
| Soybean, Argentina | May | 1333 | 551 | 4133 | 3457 | 7814 | 5 | 26 | 3769 | 8670 | 405 |
| 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%. | |||||||||||
