SUBSCRIBER NOTE: FOB Black Sea wheat port clarification

Platts has updated its Grains methodology and specifications guide to clarify the location for its Black Sea wheat assessment to FOB Novorossiisk.

In the absence of representative FOB Novorossiisk price information, Platts may also refer to other Black Sea ports or CFR prices in relevant destinations and will use prevailing spot freight rates and origin adjustments to normalize to FOB Novorossiisk. The updated Platts Grains methodology and specifications guide can be found online at www.platts.com