Platts launches Canada wheat FOB Vancouver assessment on Nov. 1

S&P Global Platts has launched Canadian Western Red Spring Wheat price assessment, effective Nov. 1, 2021.

The daily Canadian wheat assessments builds on Platts other wheat assessments such as FOB Black Sea wheat (Russia, 12.5%) and Australian Premium White Wheat to bring greater transparency to the global wheat market.

This launch follows a proposal published on Aug. 16, 2021 and a decision published on Oct. 7, 2021.

The assessment reflects Number 2 Canada Western Red Spring (No. 2 CWRS) wheat with a protein content of 13.5%, a minimum test weight of 78 kg/hL, a maximum moisture content of 14.5%, a maximum vomitoxin of 2 ppm, a minimum Falling Number of 300 seconds all other specifications are as stated by the Canadian Grain Commission. Wheat with a higher or lower protein content may be considered, but normalized back to 13.5% protein.

The assessment reflects partial cargoes to full Panamax cargoes; 20,000 mt to 60,000 mt, plus or minus 10% operational tolerance FOB Vancouver.

Platts assess three rolling time periods. The assessment reflects the price of wheat loading 30-45 days, 45-60 days and 60-75 days forward from date of publication. Assessing wheat loading over a rolling date aligns the Canadian wheat assessment more closely with Platts other wheat assessments.

The assessments are published in US dollars/mt, as well as a US dollars/bushel differential, or basis, to the Minneapolis Grain Exchange hard red spring wheat futures settlement price. The relevant futures contract month letter code is published next to the basis value.

Platts publishes the No. 2 CWRS wheat assessment reflect the prevailing market at 1:30 pm (1330) Central Time.

The daily prices will be published in the Platts database under the following codes:

AWHCD00 - CWRS Wheat 13.5% FOB Vancouver (30-45 days forward)

AWHCE00 - CWRS Wheat 13.5% FOB Vancouver (45-60 days forward)

AWHCF00 - CWRS Wheat 13.5% FOB Vancouver (60-75 days forward)

AWHCA00 - CWRS Wheat 13.5% FOB Vancouver basis (30-45 days forward)

AWHCB00 - CWRS Wheat 13.5% FOB Vancouver basis (45-60 days forward)

AWHCC00 - CWRS Wheat 13.5% FOB Vancouver basis (60-75 days forward)

The month average prices will be published in the Platts database under the following codes:

AWHCD03 - CWRS Wheat 13.5% FOB Vancouver (30-45 days forward) MAvg

AWHCE03 - CWRS Wheat 13.5% FOB Vancouver (45-60 days forward) MAvg

AWHCF03 - CWRS Wheat 13.5% FOB Vancouver (60-75 days forward) MAvg

AWHCA03 - CWRS Wheat 13.5% FOB Vancouver basis (30-45 days forward) MAvg

AWHCB03 - CWRS Wheat 13.5% FOB Vancouver basis (45-60 days forward) MAvg

AWHCC03 - CWRS Wheat 13.5% FOB Vancouver basis (60-75 days forward) MAvg

The daily price assessments will also be published in the Platts Daily Grains report and appear on Platts Agriculture Alert page 440.

Please send any feedback to americas_ags@spglobal.com and pricegroup@spglobal.com.

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