SUBSCRIBER NOTE: Platts to assess South Korean corn prices from August 22

Following a review of feedback after a formal proposal published on May 26 2016, Platts will launch a new daily spot physical assessment for corn, on a CFR South Korea basis, on August 22, 2016.

The daily assessment will reflect the daily traded or tradable value of imported corn at 16:30 Singapore time (0830 GMT) for cargoes loading 90-120 days from publication date. Quality specifications will be normalized to standard US corn grade no. 3 or equivalent grades, volume will be normalized to 60,000-65,000 mt, and credit terms will be normalized to LC at sight. As per Platts' methodology, the assessment will be made using transactional information collected daily, including transactions, bids and offers. In the absence of representative CFR South Korea price information, Platts may also refer to CFR northeast Asian or FOB prices from relevant supply origins using prevailing spot freight rates.

Platts invites all further comments, feedback and other questions. Please send all comments, feedback and questions to asia_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.