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 | 1387.8 | 593 | 4377 | 3529 | 7948 | -79 | 35 | 3704 | 8670 | 196 |
| Oct | 1179.8 | 533 | 3985 | 3383 | 7226 | 60 | 34 | 3704 | 8670 | 588 | |
| Soybean, US PNW |
Feb | 1387.8 | 587 | 4336 | 3529 | 7948 | -38 | 35 | 3704 | 8670 | 237 |
| Oct | 1179.8 | 529 | 3958 | 3383 | 7226 | 88 | 35 | 3704 | 8670 | 616 | |
| Soybean, Brazil |
Feb | 1387.8 | 576 | 4257 | 3529 | 7948 | 121 | 24 | 3704 | 8670 | 403 |
| Mar | 1387.8 | 564 | 4181 | 3529 | 7948 | 196 | 20 | 3704 | 8670 | 479 | |
| Apr | 1386 | 560 | 4157 | 3529 | 7948 | 221 | 29 | 3704 | 8670 | 503 | |
| May | 1386 | 561 | 4189 | 3529 | 7948 | 189 | 25 | 3704 | 8670 | 471 | |
| Jun | 1368 | 564 | 4214 | 3554 | 7326 | 59 | 24 | 3704 | 8670 | 446 | |
| Jul | 1368 | 568 | 4244 | 3554 | 7326 | 29 | 29 | 3704 | 8670 | 416 | |
| Soybean, Argentina | May | 1368 | 564 | 4216 | 3529 | 7948 | 3 | 32 | 3704 | 8670 | 271 |
| 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%. | |||||||||||
