Today is 11/17/2024
| 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 | 1366.8 | 585 | 4328 | 3469 | 7752 | -114 | -7 | 3713 | 8620 | 243 |
| Oct | 1161 | 526 | 3940 | 3320 | 7068 | 26 | -18 | 3713 | 8620 | 631 | |
| Soybean, US PNW |
Feb | 1366.8 | 579 | 4286 | 3469 | 7752 | -73 | 14 | 3713 | 8620 | 285 |
| Oct | 1161 | 522 | 3913 | 3320 | 7068 | 53 | -10 | 3713 | 8620 | 658 | |
| Soybean, Brazil |
Feb | 1366.8 | 567 | 4194 | 3469 | 7752 | 97 | 14 | 3713 | 8620 | 464 |
| Mar | 1366.8 | 554 | 4115 | 3469 | 7752 | 176 | 22 | 3713 | 8620 | 542 | |
| Apr | 1365.8 | 551 | 4099 | 3469 | 7752 | 192 | 18 | 3713 | 8620 | 558 | |
| May | 1365.8 | 551 | 4127 | 3469 | 7752 | 164 | 26 | 3713 | 8620 | 530 | |
| Jun | 1347.8 | 555 | 4155 | 3491 | 7160 | 35 | 19 | 3713 | 8620 | 503 | |
| Jul | 1347.8 | 560 | 4190 | 3491 | 7160 | 0 | 16 | 3713 | 8620 | 467 | |
| Soybean, Argentina | May | 1347.8 | 556 | 4164 | 3469 | 7752 | -29 | 15 | 3713 | 8620 | 320 |
| 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%. | |||||||||||
