Platts proposes to launch a shipment month CFR China soybeans monthly average roll

S&P Global Platts proposes to launch a new set of monthly average assessments for its CFR China SOYBEX and soybeans assessments to match the shipment month roll. The proposed assessments would launch on Sept. 16, 2020.

The new monthly average roll will follow the shipment month schedule, rolling to the following month on the first publication day after the 15th of each month.

For example, from Sept. 16-Oct. 15, the SOYBEX CFR China and Soybeans CFR China Monthly Average assessments would reflect cargoes shipping in November (M1) and December (M2), while from Oct. 16-Nov. 15, the SOYBEX CFR China and Soybeans CFR China Monthly Average assessments would reflect cargoes shipping in December (M1) and January (M2).

The new monthly averages will apply to the following daily assessments:

SOYBEX CFR China Flat Price Mo01 SYBAB00

SOYBEX CFR China Flat Price Mo02 SYBAD00

Soybeans CFR China Basis CBOT Mo01 SYBAA00

Soybeans CFR China Basis CBOT Mo02 SYBAC00

Soybeans CFR China CNY Flat Price Mo02 SYBAE00

Soybeans CFR China CNY Flat Price Mo01 SYBAF00

The proposed monthly average roll will match the monthly average roll schedule of S&P Global Platts FOB US Gulf, FOB Santos and FOB Paranagua SOYBEX and Soybeans assessments.

Platts also proposes to discontinue the existing monthly averages which are following the calendar month roll, listed below:

SOYBEX CFR China Flat Price Mo01 MAvg SYBAB03

SOYBEX CFR China Flat Price Mo02 MAvg SYBAD03

Soybeans CFR China Basis CBOT Mo01 MAvg SYBAA03

Soybeans CFR China Basis CBOT Mo02 MAvg SYBAC03

Soybeans CFR China CNY Flat Price Mo02 MAvg SYBAE03

Soybeans CFR China CNY Flat Price Mo01 MAvg SYBAF03

Please send any feedback, questions or comments on the proposed monthly average assessments by August 19, 2020 to 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 upon request.