Platts to launch FOB Brazil soybean crush Oct. 16

S&P Global Platts to launch a daily Brazil soybeans crush margin, effective Oct. 16, 2020.

The launch of this calculation brings together Platts soybean, soybean oil and soybean meal assessments in the region and is part of efforts to bring further transparency to the global oilseeds, vegetable oil and animal feed markets.

Brazil has one of the world's largest soybean crushing capacities, and is the second largest exporter globally for both soybean meal and soybean oil. Brazil also has long-term growth expectations for domestic biodiesel demand.

Platts will publish a Brazil soybean crush margin basis FOB Paranagua with a 78% soybean meal yield and a 19.5% soybean oil yield in line with industry association ABIOVE (Brazilian Association of Vegetable Oil Industries).

The Platts assessments used in this calculation are published under the following symbols:

Soybean Oil Brazil FOB Paranagua $/mt SYOBA00

Soybean Meal Brazil FOB Paranagua $/mt SYMBA00

SOYBEX FOB Paranagua $/mt SYBBD00

The soybean crush calculation will be: (Soybean Meal Brazil FOB Paranagua x 0.78) + (Soybean Oil Brazil FOB Paranagua x 0.195) - SOYBEX FOB Paranagua

The value will published in US dollars per metric ton.

Please send all feedback and questions to americas_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 to the public upon request.