What are the Soybeans price assessments?
Platts began assessing Soybeans in 2018 and now publishes a range of assessments for specific export and import markets globally that are used by the industry to assess risk and bring transparency.
We continuously work with key industry stakeholders to ensure that our price assessments evolve in step with changing market conditions.
The Brazil soybean coverage focuses on the key export market, with two price assessments that were launched in July 2018:
— SOYBEX FOB Santos (Brazil)
— SOYBEX FOB Paranagua (Brazil)
From mid-June to mid-April Platts also published new crop assessments reflecting loading over March-June:
— Soybeans FOB Paranagua New Crop March, April, May and June
— Soybeans FOB Santos New Crop March
On October 16, 2021 Platts began publishing daily Brazil soybeans crush margin that brings together Platts FOB Paranagua soybean, soybean oil, and meal assessments.
Platts China soybeans price assessment was also launched in July 2018 and reflects the key China import markets:
— SOYBEX CFR China
The daily CFR China soybeans crush margin was launched on November 2, 2020. This China calculation brings together Platts SOYBEX CFR China soybeans, and DCE soybean oil and meal prices on the domestic market.
In the USA from September 2018 Platts publishes two soybeans price assessments to reflect the US Gulf Coast export market:
— SOYBEX FOB New Orleans (US)
— Soybeans CIF New Orleans (US)
The price assessments are accompanied by daily commentary and market "heards" or price indications. We also provide a full explanation of why we have assessed the price at that level with our "assessment rationale".
For full details of our assessment specification please refer to the Grains and Oilseeds methodology guide.