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 |
Mar | 1405.25 | 603 | 4468 | 3452 | 8932 | -44 | 3662 | 9640 | 257 | |
| Oct | 1223 | 552 | 4146 | 3420 | 7780 | 34 | 57 | 3662 | 9640 | 579 | |
| Soybean, US PNW |
Mar | 1405.25 | 597 | 4429 | 3452 | 8932 | -5 | 3662 | 9640 | 296 | |
| Oct | 1223 | 545 | 4091 | 3420 | 7780 | 89 | 59 | 3662 | 9640 | 634 | |
| Soybean, Brazil |
Mar | 1405.25 | 578 | 4286 | 3452 | 8932 | 227 | 76 | 3662 | 9640 | 535 |
| Apr | 1404.25 | 572 | 4254 | 3452 | 8932 | 259 | 78 | 3662 | 9640 | 567 | |
| May | 1404.25 | 572 | 4266 | 3452 | 8932 | 247 | 100 | 3662 | 9640 | 555 | |
| Jun | 1391.5 | 572 | 4290 | 3495 | 8078 | 87 | 62 | 3662 | 9640 | 531 | |
| Jul | 1391.5 | 576 | 4317 | 3495 | 8078 | 60 | 62 | 3662 | 9640 | 504 | |
| Aug | 1391.5 | 579 | 4345 | 3495 | 8078 | 32 | 3662 | 9640 | 476 | ||
| Soybean, Argentina | May | 1391.5 | 574 | 4276 | 3452 | 8932 | 59 | 100 | 3662 | 9640 | 352 |
| 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%. | |||||||||||
