Platts proposes new roll date for Latam Soybean Oil and new forward month assessment for FOB Paranaguá

Platts, part of S&P Global Commodity Insights, proposes to update the monthly roll date for its Brazil and Argentina Soybean Oil daily price assessments, as well as to launch a new second-month price assessment for the Brazilian FOB Paranaguá soybean oil market.

The proposal aims to update the assessments to better reflect the minimum 10-day vessel nomination guidelines as stated in the relevant international trade contracts FOSFA 51 for Argentina and ANEC 81 for Brazil.

Platts is proposing to roll the assessed front-month loadings in both Argentina and Brazil on the first business day after the 20th day of each month. The assessments impacted are the Soybean Oil Argentina FOB Up River published under symbol SYOAB00 and Soybean Oil Brazil FOB Paranaguá published under symbol SYOBB00.

In addition, Platts proposes to launch a new second-month forward price assessment for the Brazilian FOB Paranaguá soybean oil market. The new assessment would be used in the Platts Brazil Soybean Crush Spread FOB Paranaguá, a calculated price based on values for soybean, soybean oil and soybean meal in Brazil.

The new assessment would result in the same month for soybean, soybean meal and soybean oil being used in the calculation. For example, from March 16-20, the Brazilian soybean and soybean meal front-month assessments would reflect loadings for May dates, while the front-month assessment for soybean oil would be for April. So, in this case, the calculation would consider the second-month price assessment for the FOB Paranaguá soybean oil market, which would be May. From March 21 to April 15, in turn, all the prices used in the calculated Soybean Crush Spread FOB Paranaguá assessment would be for May shipment.

The proposed second-month forward FOB Paranaguá soybean oil price would also give further market transparency to Brazil's biodiesel industry and fuel distributors.

Please send any feedback, questions or comments on this proposal by March 31 to americas_ags@spglobal.com, copying pricegroup@spglobal.com.

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