SUBSCRIBER NOTE: Platts changes FOB Black Sea wheat assessment specifications

Following market feedback, Platts has changed its FOB Black Sea wheat (Russia, 12.5%) assessment volume to 25,000 mt, with operational tolerance in accordance with standard market practice, from 60,000 mt. Also, the test weight was changed to 77 kg/hectoliter, from the current 77-78 kg/hl, and minimum falling number will shift to 250 seconds from 230 seconds.

The assessment will reflect FOB Black Sea wheat, with 77 kg/hl test weight, a minimum falling number of 250 seconds and a volume of 25,000 mt, with operational tolerance in accordance with standard market practice, effective August 11, 2016.

The decision followed proposals issued June 30, 2016.

The FOB Black Sea wheat (Russia, 12.5%) assessment is published daily in the Platts Daily Grains, on the real-time Platts Agriculture Alert, and in the Platts database under the symbol WRBSD00.

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