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 |
May | 1569 | 663 | 4908 | 3541 | 9094 | -383 | -100 | 3499 | 9430 | -352 |
| Oct | 1362 | 601 | 4507 | 3643 | 8308 | -51 | -60 | 3499 | 9430 | 49 | |
| Nov | 1362 | 599 | 4494 | 3643 | 8308 | -38 | -74 | 3499 | 9430 | 62 | |
| Soybean, US PNW |
May | 1569 | 661 | 4895 | 3541 | 9094 | -370 | -102 | 3499 | 9430 | -339 |
| Oct | 1362 | 598 | 4486 | 3643 | 8308 | -30 | -66 | 3499 | 9430 | 70 | |
| Nov | 1362 | 596 | 4467 | 3643 | 8308 | -11 | -74 | 3499 | 9430 | 89 | |
| Soybean, Brazil |
Apr | 1569 | 624 | 4628 | 3541 | 9094 | -12 | -94 | 3499 | 9430 | 22 |
| May | 1569 | 626 | 4651 | 3541 | 9094 | -35 | -89 | 3499 | 9430 | -1 | |
| Jun | 1539.25 | 619 | 4607 | 3679 | 8560 | 11 | -76 | 3499 | 9430 | 43 | |
| Jul | 1539.25 | 624 | 4646 | 3679 | 8560 | -28 | -79 | 3499 | 9430 | 4 | |
| Aug | 1539.25 | 635 | 4757 | 3679 | 8560 | -139 | -93 | 3499 | 9430 | -107 | |
| Sep | 1539.25 | 639 | 4784 | 3679 | 8560 | -166 | -88 | 3499 | 9430 | -134 | |
| Feb | 1333 | 545 | 4095 | 3491 | 8224 | 308 | -68 | 3499 | 9430 | 555 | |
| Mar | 1333 | 537 | 4033 | 3491 | 8224 | 370 | -68 | 3499 | 9430 | 617 | |
| Soybean, Argentina | May | 1539.25 | 617 | 4574 | 3541 | 9094 | -140 | -75 | 3499 | 9430 | -112 |
| Jun | 1539.25 | 619 | 4596 | 3679 | 8560 | -149 | -87 | 3499 | 9430 | -134 | |
| Jul | 1539.25 | 621 | 4620 | 3679 | 8560 | -173 | -89 | 3499 | 9430 | -158 | |
| 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%. | |||||||||||
