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 | 1414 | 607 | 4497 | 3405 | 8764 | -142 | -29 | 3562 | 9760 | 171 |
| Oct | 1229.75 | 557 | 4177 | 3395 | 7648 | -42 | -6 | 3562 | 9760 | 491 | |
| Nov | 1229.75 | 555 | 4167 | 3395 | 7648 | -32 | -6 | 3562 | 9760 | 501 | |
| Soybean, US PNW |
Mar | 1414 | 604 | 4478 | 3405 | 8764 | -123 | -22 | 3562 | 9760 | 190 |
| Oct | 1229.75 | 551 | 4133 | 3395 | 7648 | 2 | -7 | 3562 | 9760 | 535 | |
| Soybean, Brazil |
Mar | 1414 | 580 | 4303 | 3405 | 8764 | 140 | -21 | 3562 | 9760 | 463 |
| Apr | 1412.5 | 574 | 4269 | 3405 | 8764 | 174 | -21 | 3562 | 9760 | 497 | |
| May | 1412.5 | 574 | 4273 | 3405 | 8764 | 170 | -17 | 3562 | 9760 | 493 | |
| Jun | 1398.75 | 574 | 4302 | 3454 | 7940 | 15 | -2 | 3562 | 9760 | 464 | |
| Jul | 1398.75 | 578 | 4333 | 3454 | 7940 | -16 | -6 | 3562 | 9760 | 433 | |
| Aug | 1398.75 | 582 | 4363 | 3454 | 7940 | -46 | -8 | 3562 | 9760 | 403 | |
| Soybean, Argentina | May | 1398.75 | 575 | 4283 | 3405 | 8764 | -16 | -12 | 3562 | 9760 | 288 |
| 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%. | |||||||||||
