Platts to launch new CPT Rouen France wheat assessment effective Sep 1

Platts, part of S&P Global Commodity Insights, will launch a new daily price assessment for EU milling wheat CPT France, basis Rouen, effective Sept. 1.

The assessment will represent the value of wheat, carriage paid to Rouen port, published in Eur/mt, reflecting typical market practice to transact in euros.

The launch of the new assessment was first proposed on April 16, in a subscriber note available here. Platts then extended the proposal feedback period on May 1 and June 2 in subscriber notes linked here and here, respectively.

The specifications of the price assessment are as follows:

• Basis and location: CPT Rouen, France
• Quality: Soft wheat with a protein content of 11%, a minimum test weight of 76 kg/hl, a maximum moisture content of 15%, a minimum Hagberg Falling Number of 220 seconds, a minimum wet gluten content of 23%, a minimum W number of 160, maximum foreign matter content of 2%
• Quantity: 1,000 mt
• Timing: Delivered either the first or the second half of a named month. For example, from July 1 to July 15, the assessment will reflect deliveries for July 16-31. From July 16 to July 31, the assessment will reflect deliveries for Aug. 1-15.
• Payment terms: Cash against documents

The original proposed loading window of 28-42 days forward was updated to reflect wheat delivered either the first or the second half of a named month, following feedback from the market. Likewise, the original proposed maximum moisture content of 14% was increased to 15% based on market feedback.

Amendments to existing $/mt CPT Rouen wheat assessments

Platts already publishes an assessment for CPT Rouen in $/mt under the symbol ACPTA00. Platts will amend the specifications of its existing $/mt CPT Rouen assessment (ACPTA00) to align with those above.

After the launch of the Eur/mt assessment, the existing CPT Rouen assessment will be calculated using the relevant Eur/$ exchange rate (AAFCW00). A monthly average will also be published for the new assessment. The dollar conversion monthly average will continue to be published under the symbol ACPTA03.

The assessment will consider market information reported to Platts, published as heard throughout the day, including firm bids and offers, trades, indicative values, and any other data deemed relevant to the assessment process.

The daily assessment will reflect a 4:30 pm London timestamp and follow the Platts London publishing schedule.

Please send any feedback, questions, or comments to MRTS_AgricultureandFood@spglobal.com, copying 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.