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 |
Mar | 1415.25 | 607 | 4509 | 3318 | 8898 | -197 | -72 | 3537 | 9960 | 178 |
| Oct | 1230.5 | 557 | 4185 | 3349 | 7714 | -74 | -55 | 3537 | 9960 | 502 | |
| Nov | 1230.5 | 556 | 4177 | 3349 | 7714 | -66 | -58 | 3537 | 9960 | 510 | |
| Soybean, US PNW |
Mar | 1415.25 | 605 | 4489 | 3318 | 8898 | -177 | -72 | 3537 | 9960 | 198 |
| Oct | 1230.5 | 550 | 4134 | 3349 | 7714 | -23 | -49 | 3537 | 9960 | 553 | |
| Soybean, Brazil |
Mar | 1415.25 | 580 | 4309 | 3318 | 8898 | 92 | -67 | 3537 | 9960 | 477 |
| Apr | 1410.5 | 574 | 4273 | 3318 | 8898 | 128 | -70 | 3537 | 9960 | 513 | |
| May | 1410.5 | 573 | 4277 | 3318 | 8898 | 124 | -69 | 3537 | 9960 | 509 | |
| Jun | 1395 | 572 | 4301 | 3389 | 8020 | -20 | -61 | 3537 | 9960 | 485 | |
| Jul | 1395 | 576 | 4331 | 3389 | 8020 | -50 | -61 | 3537 | 9960 | 455 | |
| Aug | 1395 | 581 | 4361 | 3389 | 8020 | -80 | -61 | 3537 | 9960 | 425 | |
| Soybean, Argentina | May | 1395 | 572 | 4274 | 3318 | 8898 | -51 | -61 | 3537 | 9960 | 313 |
| 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%. | |||||||||||
