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 | 1371.25 | 582 | 4310 | 3459 | 7566 | -140 | 25 | 3665 | 8460 | 193 |
| Oct | 1156.25 | 520 | 3903 | 3318 | 6932 | 35 | 30 | 3665 | 8460 | 600 | |
| Soybean, US PNW |
Feb | 1371.25 | 581 | 4304 | 3459 | 7566 | -134 | 25 | 3665 | 8460 | 199 |
| Oct | 1156.25 | 518 | 3884 | 3318 | 6932 | 54 | 30 | 3665 | 8460 | 619 | |
| Soybean, Brazil |
Feb | 1371.25 | 566 | 4198 | 3459 | 7566 | 48 | 25 | 3665 | 8460 | 389 |
| Mar | 1371.25 | 560 | 4161 | 3459 | 7566 | 85 | 26 | 3665 | 8460 | 426 | |
| Apr | 1367.5 | 558 | 4157 | 3459 | 7566 | 89 | 25 | 3665 | 8460 | 430 | |
| May | 1367.5 | 560 | 4195 | 3459 | 7566 | 51 | 25 | 3665 | 8460 | 392 | |
| Jun | 1348.5 | 559 | 4184 | 3496 | 7028 | -17 | 26 | 3665 | 8460 | 403 | |
| Jul | 1348.5 | 562 | 4208 | 3496 | 7028 | -41 | 26 | 3665 | 8460 | 379 | |
| Soybean, Argentina | May | 1348.5 | 556 | 4161 | 3459 | 7566 | -67 | 29 | 3665 | 8460 | 257 |
| 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%. | |||||||||||
