What are Platts corn price assessments?
Platts publishes a range of corn assessments for specific export and import markets globally that are used by the industry to manage risk and bring transparency:
• Argentina Corn FOB Up River
• Corn FOB Argentina Panamax
• Brazil Corn FOB Santos
• US Corn CIF New Orleans
• Corn FOB US Gulf Coast Panamax
• Corn FOB US PNW
• Black Sea corn
• Corn FOB Black Sea (Ukraine) Panamax
• Corn CFR North East Asia
Platts began assessing CIF New Orleans corn in 2016. The assessment captures US corn delivered at export terminals in New Orleans. The corn is then run through the grain facilities before being loaded on seagoing vessels for export out of the US.
Platts added FOB New Orleans cargoes in 2020 to increase transparency in the US corn export market.
As part of the launch of the daily global corn arbitrage price matrix to increase transparency in origin or export markets Platts began publishing US FOB Pacific Northwest cargo prices in 2020.
Platts has been assessing daily spot physical assessments for Latin America corn since February 2019, focusing on the key export regions of Argentina and Brazil.
Platts publishes the daily Latin America corn prices are published in US dollars/ mt, as well as a US cents/bushel differential, or basis, to the CBOT corn futures settlement price. The relevant futures contract month letter code is published next to the basis value.
North East Asia
Platts began assessing Corn CFR North East Asia in August 2016 to reflect the daily value of feed corn imported into South Korea. The price reflects corn imported from the most competitive origin worldwide, on any given day.
The South Korea corn purchase price is widely used as a reference price for purchases done by neighboring countries in Asia such as Japan, Taiwan, Vietnam.
Platts also publishes daily global corn arbitrage pricing matrix, which reflects the competitiveness of each major export origin delivered into Asia, the world's largest corn import region.
The Black Sea assessment reflects corn production and exports from countries bordering the Black Sea. Our market coverage focuses primarily on supply from Russia and Ukraine, but also looks at exports from Kazakhstan, Romania, Bulgaria, Serbia and Hungary.