Platts to expand new crop FOB Paranagua soybean assessments

S&P Global Platts will expand the new crop FOB Paranagua soybean price assessments coverage effective June 16, 2021.

Platts will launch new crop assessments that reflect loading over April, May and June.

Platts already publishes March as a new crop assessment.

The addition of the months of April, May and June will provide a clearer view on the FOB Paranagua soybeans market structure during the second quarter of the year, which is the peak harvest and export season.

The new assessments are in line with interest in transparent and clearly defined export prices in the region.

The location, quality and quantity are the same as the current Soybeans Brazil FOB Paranagua assessments.

Platts typically begins publishing new crop values on the first publication day after June 15.

As the publication day gets closer to the new crop month, the assessments will transition to be assessed as the front-month SOYBEX/Soybeans Brazil FOB Paranagua assessment:

June 16 to Jan. 15: New crop assessments March, April, May and June

Jan. 16 to Feb. 15: New crop assessments April, May and June. March assessment becomes front-month assessment

Feb. 16 to March 15: New crop assessments May and June. April assessment becomes front-month assessment

March 16 to April 15 New crop assessment June. May assessment becomes front-month assessment

April 16: Final new crop assessment of June becomes front-month assessment

Platts will also update the name of the current March new crop assessments to include the specific month name.

The following assessment names and Platts symbols:

SYBBE00 - Soybeans FOB Santos Basis New Crop

SYBBF00 - Soybeans FOB Paranagua Basis New Crop

SYBBG00 - Soybeans FOB Santos Flat Price New Crop

SYBBH00 - Soybeans FOB Paranagua Flat price New Crop

Will be updated to:

SYBBE00 - Soybeans FOB Santos Basis New Crop (March)

SYBBF00 - Soybeans FOB Paranagua Basis New Crop (March)

SYBBG00 - Soybeans FOB Santos Flat Price New Crop (March)

SYBBH00 - Soybeans FOB Paranagua Flat price New Crop (March)

Please send any feedback or questions to americas_ags@spglobal.com and pricegroup@spglobal.com.

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