All commodities
Soybean Meal
SBM · Agriculture · CBOT · Quoted in USD/t
342.00 USD/t
+1.270 (+0.37%) today
— · CI Indication
Origin markets
Origin spread 42.00 USD/tBenchmark: Soybean meal, FOB US Gulf (CBOT-linked). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🇺🇸 FOB US Gulf USA · reference | FOB NOLA | 342.00 | Benchmark | CBOT-linked export basis |
🇦🇷 Up River (Rosario) Argentina · world #1 meal exporter | FOB Up River | 328.00 | -14.00 (-4.1%)widening | The crush capital; FX incentives discount it |
🇧🇷 Paranaguá Brazil · growing crush | FOB | 334.00 | -8.000 (-2.3%)stable | Expanding domestic crush |
🇪🇺 Rotterdam CIF Europe · delivered | CIF | 370.00 | +28.00 (+8.2%)narrowing | Delivered into EU compound feed |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Open
340.73
Day High
346.02
Day Low
339.99
Prev Close
340.73
1W
-0.61%
1M
-0.56%
1Y
+15.77%
5Y
+11.79%
Exchange
CBOT
6-month range
Annualised volatility 10%Low 270.57Now 342.00 · 33%High 489.42
Forward curve
Indicative term structure · Contango
Spot
342.00
USD/t
3M
345.23
+0.94%
6M
350.33
+2.44%
12M
355.43
+3.93%
18M
364.13
+6.47%
24M
369.49
+8.04%
In other units
Converted from 342.00 USD/t · indicative FX
USD/kg
0.342
USD/lb
0.155
EUR/t
314.64
CNY/t
2,479.50
About Soybean Meal
Soybean Meal is traded in the agriculture segment, with price discovery referenced against CBOT. The chart above shows the trailing indicative price path. 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+0.37% today