Price Assessment

The Price of Soybeans

  • What are the Soybeans price assessments?
  • How do we assess the Soybeans market?
  • Why are these prices important?

What are the Soybeans price assessments?

On July 31, 2018, S&P Global Platts launched three soybeans price assessments to reflect the key China import and Brazil export markets:


• SOYBEX CFR China
• SOYBEX FOB Santos (Brazil)
• SOYBEX FOB Paranagua (Brazil)

This was followed on September 27, 2018, by the launch of two soybeans price assessments to reflect the US Gulf Coast export market:


• SOYBEX FOB New Orleans (US)
• Soybeans CIF New Orleans (US)


They are USD per metric ton flat price assessments as well as a daily cent per bushel basis assessments over the CBOT soybean futures contracts.

How do we assess the Soybeans market?

Platts assessments are based on robust and transparent market data that includes, but is not limited to, firm bids and offers, expressions of interest to trade and confirmed trades reported across the trading day.


Platts also publishes the assessed values as differentials to the CBOT soybeans futures settles, often referred to as the ‘basis', the corresponding futures contract month letter code appears next to the basis value.


– For China, the assessment period will roll to the next calendar month on the first business day of the following month. For example on August 31 Platts would assess arrival in December, from September 1 Platts would assess arrival over January.


– For Brazil and the FOB NOLA (US), assessments reflect loading within the next calendar month. The assessments roll to the following calendar month on the 16 of the current month unless that day is not a business day, in which case the assessment rolls over on the next business day. For example on August 15 Platts assess loading over September, from August 16 to September 15 Platts assess loading over October.


– For the CIF NOLA (US), barge assessments reflect material being delivered during the current month of the date of publication. The assessments will roll to the next month on the 23rd of the current month unless that day is not a business day, in which case the assessment rolls over on the next business day.

Why are these prices important?

A robust and transparent physical price representing the specific dynamics of regional markets and which leads to physical indexation and financially settled derivative instruments is a powerful tool which helps customers and other market participants:

— Manage and hedge price risks
— Leverage arbitrage opportunities
— Carry out negotiations more profitably and efficiently
— Make better-informed planning and trading decisions

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