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 |
Feb | 1354.75 | 576 | 4266 | 3376 | 7546 | -165 | -67 | 3725 | 8600 | 311 |
| Oct | 1150.5 | 518 | 3887 | 3266 | 6904 | 5 | -78 | 3725 | 8600 | 690 | |
| Soybean, US PNW |
Feb | 1354.75 | 575 | 4260 | 3376 | 7546 | -159 | -68 | 3725 | 8600 | 317 |
| Oct | 1150.5 | 516 | 3868 | 3266 | 6904 | 24 | -70 | 3725 | 8600 | 709 | |
| Soybean, Brazil |
Feb | 1354.75 | 560 | 4153 | 3376 | 7546 | 23 | -69 | 3725 | 8600 | 510 |
| Mar | 1354.75 | 554 | 4117 | 3376 | 7546 | 59 | -64 | 3725 | 8600 | 546 | |
| Apr | 1350.75 | 552 | 4112 | 3376 | 7546 | 64 | -60 | 3725 | 8600 | 551 | |
| May | 1350.75 | 554 | 4150 | 3376 | 7546 | 26 | -61 | 3725 | 8600 | 513 | |
| Jun | 1333.75 | 553 | 4144 | 3417 | 7010 | -43 | -64 | 3725 | 8600 | 519 | |
| Jul | 1333.75 | 557 | 4168 | 3417 | 7010 | -67 | -59 | 3725 | 8600 | 495 | |
| Soybean, Argentina | May | 1333.75 | 550 | 4121 | 3376 | 7546 | -96 | -55 | 3725 | 8600 | 370 |
| 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%. | |||||||||||
