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 | 1472 | 630 | 4671 | 3440 | 8912 | -260 | -20 | 3425 | 9370 | -185 |
| Oct | 1299.5 | 577 | 4329 | 3534 | 8148 | 11 | 17 | 3425 | 9370 | 157 | |
| Nov | 1299.5 | 573 | 4302 | 3534 | 8148 | 38 | 4 | 3425 | 9370 | 184 | |
| Soybean, US PNW |
Apr | 1472 | 627 | 4652 | 3440 | 8912 | -241 | -28 | 3425 | 9370 | -166 |
| Oct | 1299.5 | 575 | 4314 | 3534 | 8148 | 26 | 9 | 3425 | 9370 | 172 | |
| Nov | 1299.5 | 571 | 4287 | 3534 | 8148 | 53 | 3 | 3425 | 9370 | 199 | |
| Soybean, Brazil |
Apr | 1472 | 591 | 4386 | 3440 | 8912 | 114 | -19 | 3425 | 9370 | 194 |
| May | 1472 | 592 | 4403 | 3440 | 8912 | 97 | -16 | 3425 | 9370 | 177 | |
| Jun | 1457.75 | 591 | 4409 | 3568 | 8420 | 94 | 7 | 3425 | 9370 | 171 | |
| Jul | 1457.75 | 597 | 4453 | 3568 | 8420 | 50 | -7 | 3425 | 9370 | 127 | |
| Aug | 1457.75 | 604 | 4527 | 3568 | 8420 | -24 | -15 | 3425 | 9370 | 53 | |
| Sep | 1457.75 | 606 | 4546 | 3568 | 8420 | -43 | -7 | 3425 | 9370 | 34 | |
| Feb | 1270.5 | 517 | 3891 | 3388 | 8060 | 398 | 12 | 3425 | 9370 | 689 | |
| Soybean, Argentina | May | 1457.75 | 587 | 4370 | 3440 | 8912 | -48 | -3 | 3425 | 9370 | 22 |
| June | 1457.75 | 589 | 4393 | 3568 | 8420 | -59 | 13 | 3425 | 9370 | -1 | |
| July | 1457.75 | 590 | 4401 | 3568 | 8420 | -67 | 24 | 3425 | 9370 | -9 | |
| 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%. | |||||||||||
