Platts to rename FOB CVB wheat and corn assessments

Platts, part of S&P Global Commodity Insights, will rename its FOB CVB basis Constanta corn assessment and FOB CVB basis Constanta wheat assessments effective Oct. 14, 2024.

Platts previously proposed this change on Sept. 2 in a subscriber note available here.

To provide greater clarity on basis location, the assessments will be renamed as follows:

Wheat FOB CVB basis Constanta (12.5%) to Wheat FOB CVB (12.5%), ACVBA00

Wheat FOB CVB basis Constanta (11.5%) to Wheat FOB CVB (11.5%), ACVBB00

Corn FOB CVB basis Constanta to Corn FOB CVB, ACVBC00

Platts understands that market participants do not differentiate between the three individual ports (Constanta, Varna, Burgas) when transacting handysize ships on a FOB CVB basis.

Please send any questions and comments to MRTS_AgricultureandFood@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.