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 |
Apr | 1415.25 | 610 | 4587 | 3398 | 8644 | -260 | -24 | 3337 | 9250 | -193 |
| Oct | 1273.25 | 571 | 4343 | 3483 | 7864 | -97 | -22 | 3337 | 9250 | 51 | |
| Nov | 1273.25 | 565 | 4302 | 3483 | 7864 | -56 | -22 | 3337 | 9250 | 92 | |
| Soybean, US PNW |
Apr | 1415.25 | 606 | 4560 | 3398 | 8644 | -233 | -23 | 3337 | 9250 | -166 |
| Oct | 1273.25 | 567 | 4316 | 3483 | 7864 | -70 | -22 | 3337 | 9250 | 78 | |
| Nov | 1273.25 | 561 | 4274 | 3483 | 7864 | -28 | -21 | 3337 | 9250 | 120 | |
| Soybean, Brazil |
Apr | 1415.25 | 573 | 4317 | 3398 | 8644 | 96 | -30 | 3337 | 9250 | 169 |
| May | 1415.25 | 574 | 4336 | 3398 | 8644 | 77 | -34 | 3337 | 9250 | 150 | |
| Jun | 1409.75 | 578 | 4375 | 3528 | 8084 | 29 | -39 | 3337 | 9250 | 111 | |
| Jul | 1409.75 | 585 | 4423 | 3528 | 8084 | -19 | -26 | 3337 | 9250 | 63 | |
| Aug | 1409.75 | 586 | 4459 | 3528 | 8084 | -55 | -25 | 3337 | 9250 | 27 | |
| Sep | 1409.75 | 590 | 4486 | 3528 | 8084 | -82 | -24 | 3337 | 9250 | 0 | |
| Soybean, Argentina | May | 1409.75 | 574 | 4331 | 3398 | 8644 | -91 | -31 | 3337 | 9250 | -30 |
| June | 1409.75 | 577 | 4362 | 3528 | 8084 | -120 | -46 | 3337 | 9250 | -61 | |
| July | 1409.75 | 579 | 4376 | 3528 | 8084 | -134 | -39 | 3337 | 9250 | -75 | |
| 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%. | |||||||||||
