Today is 11/16/2024
| 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 | 1409.75 | 606 | 4512 | 3162 | 9194 | -267 | -87 | 3427 | 10310 | 154 |
| Oct | 1238.75 | 562 | 4235 | 3214 | 8014 | -173 | -46 | 3427 | 10310 | 431 | |
| Nov | 1238.75 | 558 | 4208 | 3214 | 8014 | -146 | -46 | 3427 | 10310 | 458 | |
| Soybean, US PNW |
Mar | 1409.75 | 603 | 4487 | 3162 | 9194 | -242 | -87 | 3427 | 10310 | 179 |
| Oct | 1238.75 | 556 | 4194 | 3214 | 8014 | -132 | -45 | 3427 | 10310 | 472 | |
| Nov | 1238.75 | 552 | 4167 | 3214 | 8014 | -105 | -45 | 3427 | 10310 | 499 | |
| Soybean, Brazil |
Mar | 1409.75 | 577 | 4299 | 3162 | 9194 | 38 | -90 | 3427 | 10310 | 470 |
| Apr | 1409.75 | 573 | 4282 | 3162 | 9194 | 55 | -89 | 3427 | 10310 | 487 | |
| May | 1409.75 | 572 | 4285 | 3162 | 9194 | 52 | -89 | 3427 | 10310 | 484 | |
| Jun | 1396 | 569 | 4290 | 3261 | 8296 | -55 | -36 | 3427 | 10310 | 479 | |
| Jul | 1396 | 574 | 4323 | 3261 | 8296 | -88 | -32 | 3427 | 10310 | 446 | |
| Aug | 1396 | 579 | 4364 | 3261 | 8296 | -129 | -41 | 3427 | 10310 | 405 | |
| Sep | 1396 | 586 | 4419 | 3261 | 8296 | -267 | -40 | 3427 | 10310 | 247 | |
| Soybean, Argentina | May | 1396 | 570 | 4268 | 3162 | 9194 | -115 | -86 | 3427 | 10310 | 295 |
| 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%. | |||||||||||
