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 | 1433.75 | 614 | 4609 | 3365 | 9450 | -155 | -84 | 3570 | 10320 | 172 |
| Oct | 1254.25 | 565 | 4297 | 3390 | 8030 | -93 | -90 | 3570 | 10320 | 484 | |
| Nov | 1254.25 | 564 | 4283 | 3390 | 8030 | -79 | -90 | 3570 | 10320 | 498 | |
| Soybean, US PNW |
Mar | 1433.75 | 610 | 4575 | 3365 | 9450 | -121 | -70 | 3570 | 10320 | 206 |
| Oct | 1254.25 | 558 | 4243 | 3390 | 8030 | -39 | -87 | 3570 | 10320 | 538 | |
| Soybean, Brazil |
Mar | 1433.75 | 586 | 4399 | 3365 | 9450 | 149 | -74 | 3570 | 10320 | 485 |
| Apr | 1433.75 | 582 | 4382 | 3365 | 9450 | 166 | -92 | 3570 | 10320 | 502 | |
| May | 1433.75 | 581 | 4385 | 3365 | 9450 | 163 | -91 | 3570 | 10320 | 499 | |
| Jun | 1418.25 | 578 | 4391 | 3443 | 8384 | 6 | -84 | 3570 | 10320 | 493 | |
| Jul | 1418.25 | 582 | 4419 | 3443 | 8384 | -22 | -82 | 3570 | 10320 | 465 | |
| Aug | 1418.25 | 587 | 4460 | 3443 | 8384 | -63 | -87 | 3570 | 10320 | 424 | |
| Soybean, Argentina | May | 1418.25 | 580 | 4377 | 3365 | 9450 | -18 | -96 | 3570 | 10320 | 301 |
| 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%. | |||||||||||
