SUBSCRIBER NOTE: Platts to discontinue NoCal, SoCal Rail Fwd 15-30 ethanol assessments

Following a proposal note released August 26, 2016 and a consultation period for review and feedback, S&P Global Platts will discontinue its Ethanol North and South California Rail 15-30 days forward assessments effective January 3, 2017.

This follows a change in market dynamics where spot trading liquidity is primarily on a this-week and next-week basis. Platts will continue to assess the prompt California ethanol market.

The discontinuation will impact the daily assessments that appear in Biofuelscan, and on Platts Biofuels Alert page 210 and the monthly average assessments that appear on Platts Biofuels Alert page 212.

Assessments impacted: AAMFZ00 Ethanol NoCal Rail Fwd 15-30 days AAMGC00 Ethanol NoCal Rail Fwd 15-30 days MAvg AAMNN00 Ethanol SoCal Rail Fwd 15-30 days AAMNP00 Ethanol SoCal Rail Fwd 15-30 days MAvg

Platts welcomes all further feedback and questions on the change. Please send all questions and feedback to america_ags@platts.com with a CC to pricemethodology@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.