SUBSCRIBER NOTE: Platts launches daily SOYBEX FOB Brazil Soybeans assessments

S&P Global Platts launches two new daily spot physical assessments for FOB Brazil Soybeans, effective July 31, 2018. The launch is in line with interest in a transparent and clearly defined export price in the region.

One assessment reflects the daily traded or tradable value basis FOB Santos port, other locations may be considered but will be normalized back to the basis locations. The assessment reflects 60,000 mt plus/minus 10% operational tolerance.

The second assessment reflects the daily traded or tradable value and FOB Paranagua paper market. The assessment reflects 5,000 mt, other volumes may be considered but would be normalized back to the reference volume.

Platts assess Brazil ANEC soybean specification with an oil content of 18.5%. For the FOB Santos cargoes Platts will also assess soybeans with a standard protein level of 34.5%, other qualities may be considered but would be normalized back to the reference quality.

Both assessments reflect loading within the next calendar month. The assessments roll to the following calendar month on the 16 of the current month unless that day is not a business day, in which case the assessment rolls over on the next business day. For example on August 15 Platts assess loading over September, from August 16 to September 15 Platts assess loading over October.

Platts also launches an assessment for New Crop cargoes. On a typical year Platts begins publishing new crop cargoes June 16, unless that day is not a business day, in which case publishing will commence on the next business day. New crop cargoes reflect loading over March and will be published up until January 15 when loading over March becomes the front month assessment.

Platts proposed to publish all price assessments as cent/bushel premiums as well as $/mt values using the settlement value of the CBOT soybean futures contract. The assessments would reflect a market close time stamp of 5:30 pm Sao Paulo.

The daily price assessments will be published in Platts Daily Grains report as well as agriculture alert pages PAA0800 and PAA0801.

The daily assessment will be published on the Platts database under the following symbols:

SYBBD00 SOYBEX FOB Paranagua - $/mt SYBBC00 Soybeans FOB Paranagua Basis - c/bu SYBBH00 Soybeans FOB Paranagua Flat Price New Crop - $/mt SYBBF00 Soybeans FOB Paranagua Basis New Crop - c/bu

SYBBB00 SOYBEX FOB Santos - $/mt SYBBA00 Soybeans FOB Santos Basis - c/bu SYBBG00 Soybeans FOB Santos Flat Price New Crop - $/mt SYBBE00 Soybeans FOB Santos Basis New Crop - c/bu

Platts welcomes all further feedback and questions on the new assessments. Please send all questions and feedback to americas_ags@spglobal.com with CC to 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 upon request.