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 | 1377.25 | 594 | 4399 | 3508 | 8432 | -26 | 16 | 3694 | 9300 | 286 |
| Oct | 1196.25 | 543 | 4066 | 3413 | 7588 | 72 | 9 | 3694 | 9300 | 619 | |
| Soybean, US PNW |
Feb | 1377.25 | 587 | 4346 | 3508 | 8432 | 27 | 44 | 3694 | 9300 | 339 |
| Oct | 1196.25 | 535 | 4010 | 3413 | 7588 | 128 | 51 | 3694 | 9300 | 675 | |
| Soybean, Brazil |
Feb | 1377.25 | 583 | 4318 | 3508 | 8432 | 140 | 1 | 3694 | 9300 | 460 |
| Mar | 1377.25 | 569 | 4227 | 3508 | 8432 | 231 | 0 | 3694 | 9300 | 551 | |
| Apr | 1380 | 568 | 4226 | 3508 | 8432 | 232 | 11 | 3694 | 9300 | 552 | |
| May | 1380 | 569 | 4258 | 3508 | 8432 | 200 | 15 | 3694 | 9300 | 520 | |
| Jun | 1367.75 | 565 | 4231 | 3538 | 7700 | 104 | 77 | 3694 | 9300 | 547 | |
| Jul | 1367.75 | 570 | 4271 | 3538 | 7700 | 64 | 64 | 3694 | 9300 | 507 | |
| Soybean, Argentina | May | 1367.75 | 567 | 4247 | 3508 | 8432 | 42 | 60 | 3694 | 9300 | 345 |
| 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%. | |||||||||||
