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 | 1410.75 | 606 | 4491 | 3375 | 8948 | -125 | 17 | 3595 | 9810 | 213 |
| Oct | 1224 | 555 | 4164 | 3386 | 7736 | -19 | 23 | 3595 | 9810 | 540 | |
| Nov | 1224 | 553 | 4153 | 3386 | 7736 | -8 | 24 | 3595 | 9810 | 551 | |
| Soybean, US PNW |
Mar | 1410.75 | 603 | 4471 | 3375 | 8948 | -105 | 18 | 3595 | 9810 | 233 |
| Oct | 1224 | 549 | 4119 | 3386 | 7736 | 26 | 24 | 3595 | 9810 | 585 | |
| Soybean, Brazil |
Mar | 1410.75 | 579 | 4297 | 3375 | 8948 | 159 | 19 | 3595 | 9810 | 505 |
| Apr | 1407.5 | 572 | 4258 | 3375 | 8948 | 198 | 24 | 3595 | 9810 | 544 | |
| May | 1407.5 | 572 | 4263 | 3375 | 8948 | 193 | 23 | 3595 | 9810 | 539 | |
| Jun | 1391.5 | 571 | 4285 | 3435 | 8062 | 41 | 26 | 3595 | 9810 | 517 | |
| Jul | 1391.5 | 575 | 4315 | 3435 | 8062 | 11 | 27 | 3595 | 9810 | 487 | |
| Aug | 1391.5 | 579 | 4345 | 3435 | 8062 | -19 | 27 | 3595 | 9810 | 457 | |
| Soybean, Argentina | May | 1391.5 | 572 | 4267 | 3375 | 8948 | 10 | 26 | 3595 | 9810 | 339 |
| 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%. | |||||||||||
