Soybeans
Origin markets
Origin spread 42.00 USD/tBenchmark: CBOT-linked, FOB US Gulf export basis. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🇺🇸 US Gulf USA · ~50 Mt/yr exports | FOB NOLA | 431.50 | Benchmark | Reference; new-crop export window opens Q4 |
🇧🇷 Paranaguá Brazil · world #1 exporter | FOB Paranaguá | 422.00 | -9.500 (-2.2%)stable | Record-harvest pressure — export program at peak undercuts US Gulf |
🇦🇷 Up River (Rosario) Argentina · meal/oil focused | FOB Up River | 417.50 | -14.00 (-3.2%)widening | Crush-margin softness plus FX export incentives |
🇨🇳 China delivered China · top importer | CFR China | 459.50 | +28.00 (+6.5%)widening | Delivered basis — freight plus premium demand; origin switches seasonally |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Harvest, yield & outlook
Crop calendars, current-season yields and the desk read per origin — the supply side behind the origin differentials.
Outlook: Weather premium builds through August pod-fill; export window opens Q4 when US Gulf takes the flow back from Brazil. Watch China bookings and the USD.
Outlook: Export program past peak but FOB Paranaguá stays discounted to US Gulf into Q3, then the spread narrows as stocks draw and planting begins in September.
Outlook: Meal and oil exporter first — bean exports hinge on crush margins and export-tax policy. FX incentives keep Up River offers aggressive.
6-month range
Annualised volatility 9%Forward curve
Indicative term structure · Backwardation
In other units
Converted from 431.50 USD/t · indicative FX
About Soybeans
Soybeans is traded in the agriculture segment, with price discovery referenced against CBOT. The chart above shows the trailing indicative price path. Physical parcels of Soybeans can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
- Soybean meal (animal feed)
- Soybean oil & biodiesel
- Food products