Platts expands Brazil corn coverage from Jan 2

Platts, part of S&P Global Commodity Insights, has launched three daily price assessments for the Brazilian corn market, effective Jan. 2.

The assessments reflect the value of corn in the key producing states of Mato Grosso, Goiás and Paraná, and bring additional transparency to the feedstock markets for ethanol and animal feed in Brazil.

The launch of the new assessments was first proposed Nov. 8 in a subscriber note available here.

The launch of the new assessments was confirmed Nov. 28 in a subscriber note available here.

Platts publishes separate assessments for three different locations on an ex-works basis:

• Mato Grosso state, basis City of Sorriso
• Goiás state, basis City of Rio Verde
• Paraná state, basis City of Maringá

The specifications of the new price assessments are as follows:

• Quality: Reflecting ANEC 44 standards, which specify a maximum 14.5% of humidity, maximum 1.5% of foreign matter, maximum 3% of broken grains, maximum 5% of damaged grains (with 1% heat damage and/or germinated), free of live insects and free of toxic seeds.
• Quantity: Basis 250 mt
• Timing: To be loaded up to 30 days from date of publication
• Payment terms: Cash against documents, 30 days after loading
• Assessments exclude local taxes

The new corn price assessments are published in Real per 60 kilogram (Real/60 kg). Platts also publishes a conversion to US dollars per metric ton ($/mt) using a 5:30 pm Sao Paulo time BRL/USD exchange rate (Symbol USDBL00).

A summary of the new assessments is as follows:

Symbol Description

AORNC00 Corn EXW Maringa (Parana) $/mt

AORNC03 Corn EXW Maringa (Parana) $/mt MAvg

AORND00 Corn EXW Maringa (Parana) R$/60 Kg

AORND03 Corn EXW Maringa (Parana) R$/60 Kg MAvg

AORNA00 Corn EXW Rio Verde ( Goias ) $/ mt

AORNA03 Corn EXW Rio Verde ( Goias ) $/ mt MAvg

AORNB00 Corn EXW Rio Verde ( Goias ) R$/60 Kg

AORNB03 Corn EXW Rio Verde ( Goias ) R$/60Kg MAvg

AORNE00 Corn EXW Sorriso (Mato Grosso) $/ mt

AORNE03 Corn EXW Sorriso (Mato Grosso) $/ mt MAvg

AORNF00 Corn EXW Sorriso (Mato Grosso) R$/60 Kg

AORNF03 Corn EXW Sorriso (Mato Grosso) R$/60 Kg MAvg

The assessments consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

The assessments can be found in Daily Grains and Protein Daily, on Platts Connect, and against the fixed page PAA0698.

The daily assessments reflect a 5:30 pm Sao Paulo timestamp and follow the Platts Sao Paulo publishing schedule. The new assessments complement Platts' existing coverage of the Brazilian corn export market, details of which can be found here.

Please send any feedback, questions, or comments to MRTS_agricultureandfood@spglobal.com copying pricegroup@spglobal.com .

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.