Today is 11/15/2024
| 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 | 1433.25 | 617 | 4595 | 3401 | 8784 | -239 | -10 | 3357 | 9250 | -185 |
| Oct | 1274 | 569 | 4292 | 3481 | 7968 | -28 | -4 | 3357 | 9250 | 118 | |
| Nov | 1274 | 564 | 4252 | 3481 | 7968 | 12 | -5 | 3357 | 9250 | 158 | |
| Soybean, US PNW |
Apr | 1433.25 | 613 | 4568 | 3401 | 8784 | -212 | -8 | 3357 | 9250 | -158 |
| Oct | 1274 | 566 | 4269 | 3481 | 7968 | -5 | 4 | 3357 | 9250 | 141 | |
| Nov | 1274 | 562 | 4236 | 3481 | 7968 | 28 | -4 | 3357 | 9250 | 174 | |
| Soybean, Brazil |
Apr | 1433.25 | 578 | 4313 | 3401 | 8784 | 131 | 4 | 3357 | 9250 | 189 |
| May | 1433.25 | 580 | 4336 | 3401 | 8784 | 108 | 4 | 3357 | 9250 | 166 | |
| Jun | 1422.5 | 581 | 4355 | 3521 | 8264 | 79 | 3 | 3357 | 9250 | 147 | |
| Jul | 1422.5 | 587 | 4396 | 3521 | 8264 | 38 | -2 | 3357 | 9250 | 106 | |
| Aug | 1422.5 | 591 | 4457 | 3521 | 8264 | -23 | -11 | 3357 | 9250 | 45 | |
| Sep | 1422.5 | 594 | 4478 | 3521 | 8264 | -44 | -10 | 3357 | 9250 | 24 | |
| Feb | 1246.5 | 509 | 3845 | 3344 | 7850 | 367 | 3357 | 9250 | 657 | ||
| Soybean, Argentina | May | 1422.5 | 578 | 4324 | 3401 | 8784 | -56 | -7 | 3357 | 9250 | -7 |
| June | 1422.5 | 582 | 4360 | 3521 | 8264 | -91 | -16 | 3357 | 9250 | -43 | |
| July | 1422.5 | 583 | 4368 | 3521 | 8264 | -99 | -10 | 3357 | 9250 | -51 | |
| 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%. | |||||||||||
