SUBSCRIBER NOTE: Platts proposes Chicago ITT Argo any-month ethanol assessment

Platts invites feedback on a proposal to introduce a Chicago ITT Argo any-month ethanol assessment for both the first and second month, effective September 3, 2014.

Platts proposes a Chicago ITT Argo any-month ethanol assessment reflecting cargo volumes of a minimum of 5,000 barrels for loading and unloading on an ITT Argo basis at the Kinder Morgan Argo terminal in Chicago, Illinois, conforming to ASTM spec D4806 for denatured fuel ethanol.

Other Chicago-area terminals may be considered for the assessment but normalized for freight.

The assessment will consist of both a current any-month and next forward month timing.

The assessment will roll over to the next month on the first day of the forward month.

For example, the assessments on August 31, 2014, will reflect any-August and any-September, and on September 1, 2014, the assessments will reflect any-September and any-October.

This proposal comes as trading activity for any-month cargoes in the Chicago ITT Argo ethanol market has been increasing, and there have been calls for assessments from the market.

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 upon request.

Please email comments and questions by July 22 to americas_ags@platts.com with a cc to pricegroup@platts.com.