SUBSCRIBER NOTE: Platts launches daily US corn CIF NOLA assessment

Platts launches April 4, 2016 new daily CIF New Orleans corn assessments that will reflect the key US corn export market.

The assessments represent CIF basis New Orleans barges for US Yellow Number 2 corn as specified by the US Federal Grain Inspection Service. The volume reflects a typical barge of 52,500 bushels (1,500 short tons) and is published in both bushels for domestic US market participants and metric tons for export market participants. Platts also publishes the assessed values as differentials to the CBOT corn futures settles, the corresponding futures contract month letter code will appear next to the basis value.

Platts assess material being delivered at any period during the month for the current month and front month from the date of publication. The assessments will roll to the next month the earlier of seven calendar days or five working days before the end of the month. For example on March 23 Platts would assess corn for delivery over March and April, on March 24, seven calendar days before March 31 Platts would assess corn for delivery over April and May.

The assessment will be published on the Platts Daily Grains report and through the Platts Agriculture Alert real time service, PAA pages 440 612 and 3211.

The Platts symbols, descriptions and units for the assessments are as follows:

WCNOA00 US Corn CIF New Orleans $/mt Mo01 WCNOB00 US Corn CIF New Orleans $/mt Mo02

WCNOC00 US Corn CIF New Orleans $/bu Mo01 WCNOD00 US Corn CIF New Orleans $/bu Mo02

WCNOE00 US Corn CIF New Orleans Basis cent/bu Mo01 WCNOU00 US Corn CIF New Orleans Basis cent/bu Mo02

As per Platts methodology, the assessment is be made using transactional information collected daily, including trading activity, bids and offers. In the absence of representative CIF New Orleans price information, Platts may also refer to prices in relevant river destinations using prevailing spot freight rates.

Platts welcomes all feedback and questions to america_ags@platts.com with CC to pricemethodology@platts.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.