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 | 1406 | 605 | 4476 | 3590 | 8588 | -8 | 48 | 3767 | 9400 | 286 |
| Oct | 1222 | 552 | 4136 | 3483 | 7690 | 77 | 47 | 3767 | 9400 | 626 | |
| Soybean, US PNW |
Feb | 1406 | 598 | 4426 | 3590 | 8588 | 42 | 48 | 3767 | 9400 | 336 |
| Oct | 1222 | 545 | 4083 | 3483 | 7690 | 130 | 47 | 3767 | 9400 | 679 | |
| Soybean, Brazil |
Feb | 1406 | 594 | 4396 | 3590 | 8588 | 158 | 49 | 3767 | 9400 | 460 |
| Mar | 1406 | 578 | 4294 | 3590 | 8588 | 260 | 59 | 3767 | 9400 | 562 | |
| Apr | 1408.5 | 576 | 4287 | 3590 | 8588 | 267 | 69 | 3767 | 9400 | 569 | |
| May | 1408.5 | 577 | 4321 | 3590 | 8588 | 233 | 68 | 3767 | 9400 | 535 | |
| Jun | 1394.5 | 573 | 4291 | 3618 | 7836 | 134 | 63 | 3767 | 9400 | 565 | |
| Jul | 1394.5 | 577 | 4318 | 3618 | 7836 | 107 | 76 | 3767 | 9400 | 538 | |
| Soybean, Argentina | May | 1394.5 | 577 | 4321 | 3590 | 8588 | 61 | 59 | 3767 | 9400 | 347 |
| 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%. | |||||||||||
