SUBSCRIBER NOTE: Platts proposes to amend Black Sea wheat, corn assessment specs

Platts proposes to amend its existing daily spot physical assessment for Black Sea wheat and corn. It is proposed that quality specifications would be normalized to standard requirements.

FOB Black Sea wheat would be defined as having a protein content of 12.5%, a cargo size of 60,000 mt, a minimum test weight of 77-78 kg/hl, a maximum moisture content of 14%, a minimum wet gluten content of 25%, a minimum W number of 180, a minimum falling number of 230 seconds, maximum bug damage of 1.5%, maximum foreign matter content of 2%.

FOB Azov wheat would be defined as having a protein content of 12.5%, a cargo size of 3,000 mt, a minimum test weight of 77 kg/hl, a maximum moisture content of 14%, a minimum wet gluten content of 25%, a minimum W number of 180, a minimum falling number of 250 seconds, maximum bug damage of 1.8%, maximum foreign matter content of 2%.

CIF Marmara wheat would be defined as having a protein content of 13.5%, a cargo size of 3,000 mt, a minimum test weight of 77-78 kg/hl, a maximum moisture content of 14%, a minimum wet gluten content of 27%, a minimum W number of 230, a minimum falling number of 270 seconds, maximum bug damage of 1.5-1.7%, maximum foreign matter content of 2%.

FOB Black Sea corn would be defined as a cargo size of 60,000 mt, a maximum moisture content of 14.5%, maximum foreign matter content of 5% and the maximum number of broken kernels at 2%.

The daily assessments would launch November 13, 2015 and would reflect the daily traded or tradable value of cargoes of FOB Black Sea wheat, FOB Azov Sea wheat, CIF Marmara wheat and FOB Black Sea corn at 1630 London time. As per Platts' methodology, the assessment would continue to be made using transactional information collected and published daily, including transactions, bids and offers.

Platts is inviting feedback on the proposed new assessments and the specifications through October 9, 2015. Please send all questions and feedback to europe_ags@platts.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.