SUBSCRIBER NOTE: Platts to launch FOB Brazil soybean oil, meal prices Mar 16

S&P Global Platts will begin publishing daily physical assessments for soybean oil and soybean meal exports out of Brazil, effective March 16, 2020, as part of efforts to bring further transparency to the global vegetable oil and animal feed markets.

Brazil has one of the world's largest soybean crushing capacity, and is the second largest exporter globally for both soybean meal and soybean oil. Since 2010, Brazil has accounted for 10-15% of global soybean oil exports and 20-25% of meal exports, according to data from the United States Department of Agriculture.

SOYBEAN OIL: The new Brazil soybean oil assessments will reflect 1,000 mt parcels loading on an FOB Paranagua basis, and will reflect product meeting ANEC 81 soybean oil quality specifications. Pricing information for other qualities, volumes and locations may be normalized back to the reference specification.

Platts will publish a differential price, or basis, versus the relevant prevailing futures contract in points per pound (where one US cent is equivalent to 100 points), as well as a flat price in US dollars/mt.

SOYBEAN MEAL: The new Brazil soybean meal assessments will reflect 5,000 mt, parcels loading on an FOB Paranagua basis. Pricing information for other locations and volumes may be normalized back to the assessed standard.

The assessments will reflect ANEC 71 soybean meal quality specification, but with a typical protein level of 46%; other protein levels or specifications may be normalized back to the assessed quality.

Platts will publish a differential price, or basis, versus the relevant prevailing futures contract in US dollars/short ton, as well as a flat price in US dollars/mt.

The new soybean oil and soybean meal assessments will both reflect parcels loading one calendar month forward. These will roll to the next calendar month on the first publication day after the 15th of each month. For example, from March 16-April 15, the assessments would reflect parcels loading in May, while from April 16-May 15, the assessments would reflect parcels loading in June.

All the assessments will reflect the prevailing market value at 5:30 pm São Paulo time.

Please send all further feedback and questions to americas_ags@spglobal.com and 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 to the public upon request.