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 | 1406 | 605 | 4489 | 3455 | 8640 | -118 | -88 | 3759 | 9710 | 326 |
| Oct | 1230.75 | 555 | 4172 | 3415 | 7640 | -23 | -79 | 3759 | 9710 | 643 | |
| Soybean, US PNW |
Feb | 1406 | 598 | 4437 | 3455 | 8640 | -66 | -86 | 3759 | 9710 | 378 |
| Oct | 1230.75 | 548 | 4119 | 3415 | 7640 | 30 | -79 | 3759 | 9710 | 696 | |
| Soybean, Brazil |
Feb | 1406 | 594 | 4410 | 3455 | 8640 | 47 | -90 | 3759 | 9710 | 502 |
| Mar | 1406 | 578 | 4306 | 3455 | 8640 | 151 | -91 | 3759 | 9710 | 606 | |
| Apr | 1407.5 | 573 | 4276 | 3455 | 8640 | 181 | -87 | 3759 | 9710 | 636 | |
| May | 1407.5 | 574 | 4310 | 3455 | 8640 | 147 | -88 | 3759 | 9710 | 602 | |
| Jun | 1397.25 | 574 | 4312 | 3506 | 7836 | 25 | -86 | 3759 | 9710 | 600 | |
| Jul | 1397.25 | 578 | 4339 | 3506 | 7836 | -2 | -86 | 3759 | 9710 | 573 | |
| Soybean, Argentina | May | 1397.25 | 576 | 4326 | 3455 | 8640 | -41 | -96 | 3759 | 9710 | 391 |
| 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%. | |||||||||||
