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 | 1365.25 | 580 | 4297 | 3450 | 7754 | -98 | -34 | 3773 | 8660 | 329 |
| Oct | 1154 | 518 | 3891 | 3321 | 7108 | 83 | -56 | 3773 | 8660 | 735 | |
| Soybean, US PNW |
Feb | 1365.25 | 579 | 4290 | 3450 | 7754 | -91 | -32 | 3773 | 8660 | 336 |
| Oct | 1154 | 517 | 3880 | 3321 | 7108 | 94 | -56 | 3773 | 8660 | 746 | |
| Soybean, Brazil |
Feb | 1365.25 | 564 | 4184 | 3450 | 7754 | 92 | -33 | 3773 | 8660 | 529 |
| Mar | 1365.25 | 559 | 4153 | 3450 | 7754 | 123 | -33 | 3773 | 8660 | 560 | |
| Apr | 1362.5 | 557 | 4152 | 3450 | 7754 | 124 | -34 | 3773 | 8660 | 561 | |
| May | 1362.5 | 559 | 4189 | 3450 | 7754 | 87 | -33 | 3773 | 8660 | 524 | |
| Jun | 1345 | 557 | 4177 | 3487 | 7214 | 21 | -24 | 3773 | 8660 | 536 | |
| Jul | 1345 | 561 | 4206 | 3487 | 7214 | -8 | -24 | 3773 | 8660 | 507 | |
| Soybean, Argentina | May | 1345 | 555 | 4162 | 3450 | 7754 | -41 | -35 | 3773 | 8660 | 377 |
| 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%. | |||||||||||
