Platts launches FOB Brazil soybean crush margin

S&P Global Platts has started to publish a daily Brazil soybean crush margin, effective Oct. 16.

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

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

The crush margin assessment is based on Platts FOB Paranagua prices, with a 78% soybean meal yield and a 19.5% soybean oil yield 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 is: (Soybean Meal Brazil FOB Paranagua x 0.78) + (Soybean Oil Brazil FOB Paranagua x 0.195) - SOYBEX FOB Paranagua. The value is published in US dollars per metric ton.

The new Brazil crush margin assessments are published under the following codes in the Platts price database and also appear in the Platts Daily Grains publication, and on Platts Agriculture Alert pages PAA 800 and PAA 3800 and PAA 801 for the monthly average.

The assessments reflect the prevailing market value at 5:30 pm Sao Paulo time.

Please send all further feedback and questions to americas_ags@spglobal.com and pricegroup@spglobal.com

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