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The rationale for AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/bu erroneously stated “The soybean CFR China (USG) basis assessment for September shipment was assessed 23 cents per bu lower at a premium of 193 cents per bu over the September CME soybean futures contract in line with the respective FOB assessment, prevailing freight indications and effective tariffs of 23%, following the methodology change, effective 17 July, 2025.”
This has been corrected to “The soybean CFR China (USG) basis assessment for September shipment was assessed 100 cents per bushel higher at a premium of 316 cents per bushel over the September CME soybean futures contract in line with the US Gulf FOB assessment, freight rates and effective Chinese tariffs of 23% on US soybean imports, following the methodology change effective from July 17, 2025.”
The incorrect prices:AG-SYB-0005 Soybean CFR China (US Gulf) $/mtM1: $441.75 per tonneM2: $441 per tonneM3: $439.75 per tonneM4: $441.75 per tonneM5: $441.25 per tonneM6: $442.75 per tonne
AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/buM1: 187 cents per bushelM2: 193 cents per bushelM3: 175 cents per bushelM4: 181 cents per bushelM5: 162 cents per bushelM6: 166 cents per bushel
These have been corrected to:AG-SYB-0005 Soybean CFR China (US Gulf) $/mtM1: $474.75 per tonneM2: $473 per tonneM3: $471.25 per tonneM4: $473.50 per tonneM5: $473.25 per tonneM6: $474.75 per tonne
AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/buM1: 313 cents per bushelM2: 316 cents per bushelM3: 297 cents per bushelM4: 303 cents per bushelM5: 285 cents per bushelM6: 289 cents per bushel
The derived prices AG-SYB-0001 Soybean CFR China $/mt and AG-SYB-0002 Soybean CFR China Premium c$/bu have also been corrected.
The incorrect prices:AG-SYB-0001 Soybean CFR China $/mtM1: $441.75 per tonneM2: $441 per tonneM3: $439.75 per tonneM4: $441.75 per tonneM5: $441.25 per tonneM6: $442.75 per tonne
AG-SYB-0002 Soybean CFR China Premium c$/buM1: 187 cents per bushelM2: 193 cents per bushelM3: 175 cents per bushelM4: 181 cents per bushelM5: 162 cents per bushelM6: 166 cents per bushel
The have been corrected to:AG-SYB-0001 Soybean CFR China $/mtM1: $463.75 per tonneM2: $469.75 per tonneM3: $473.75 per tonneM4: $475.5 per tonneM5: $474.25 per tonneM6: $461.5 per tonne
AG-SYB-0002 Soybean CFR China Premium c$/buM1: 252 cents per bushelM2: 273 cents per bushelM3: 270 cents per bushelM4: 275 cents per bushelM5: 255 cents per bushelM6: 220 cents per bushel
These prices are part of the Fastmarkets Grains and Oils, Fats and Biofuels packages.
For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this prices, please contact Eduardo Tinti by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Eduardo Tinti, re: Soybean CFR China.“
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To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
This pricing notice was updated on Monday July 21 to include the correction for the derived markets.