S&P Global Platts expands new crop FOB Paranagua soybean assessments

S&P Global Platts has started to publish additional daily Brazil new crop FOB Paranagua soybean price assessments effective June 16, 2021. The new assessments will reflect loading over the months of April, May and June.

Platts began publishing March as a new crop assessment July 31, 2018.

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

The assessments reflect the prevailing market value at 5:30 pm Sao Paulo time.

The FOB Paranagua new crop assessments are published on Platts Agriculture Alert real time service page 800, in the Platts Daily Grains PDF and in the price database under the following symbols:

SYPAA00 - Soybeans FOB Paranagua Basis New Crop (April)

SYPAC00 - Soybeans FOB Paranagua Basis New Crop (May)

SYPAE00 - Soybeans FOB Paranagua Basis New Crop (June)

SYPAB00 - Soybeans FOB Paranagua Flat Price New Crop (April)

SYPAD00 - Soybeans FOB Paranagua Flat Price New Crop (May)

SYPAF00 - Soybeans FOB Paranagua Flat Price New Crop (June)

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.