All commodities
Soybean Meal
SBM · Agriculture · CBOT · Quoted in USD/t
447.00 USD/t
+41.00 (+10.10%) vs prior
Monthly avg, World Bank Pink Sheet, Sep 2026
Monthly averages · from 1960-01-01
Origin markets
Benchmark: CBOT soybean meal, USD per short ton. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🇺🇸 FOB US Gulf USA · reference | FOB NOLABenchmark | CBOT-linked export basis |
🇦🇷 Up River (Rosario) Argentina · world #1 meal exporter | FOB Up River | The crush capital; FX incentives discount it |
🇧🇷 Paranaguá Brazil · growing crush | FOB | Expanding domestic crush |
🇪🇺 Rotterdam CIF Europe · delivered | CIF | Delivered into EU compound feed |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Open
406.00
Range high
447.00
Range low
356.00
Prev Close
406.00
1W
—
1M
+9.02%
1Y
+26.27%
5Y
-4.49%
Exchange
CBOT
6-month range
Annualised volatility 23%Low 69.00Now 447.00 · 65%High 651.00
In other units
Converted from 447.00 USD/t · indicative FX
USD/kg
0.447
USD/lb
0.203
EUR/t · FX conversion, not an exchange quote
411.24
CNY/t · FX conversion, not an exchange quote
3,240.75
About Soybean Meal
Soybean Meal is traded in the agriculture segment. The series on this page is the named public source, not a live feed. Physical parcels of Soybean Meal can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
AgricultureCBOTUSD/t+10.10% vs prior