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.