Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

SUBSCRIBER NOTE: Platts launches FOB Argentina soybean oil, meal price assessments

S&P Global Platts has launched new daily physical assessments for soybean oil and soybean meal exports out of Argentina effective September 3, 2019, as part of efforts to bring transparency to an agriculture market that is growing in both size and global relevance.

Argentina is currently the world’s largest soybean oil and meal exporter, accounting for about 46% of global soybean oil exports and 44% of meal exports.

This launch follows an initial proposal note published July 22: https://tinyurl.com/20190722-DG

SOYBEAN OIL: The new Soybean Oil Argentina FOB Up River assessment reflects 1,000 mt parcels loading on an Up River basis in Argentina, and reflects product meeting FOSFA 51 soybean oil specifications; other qualities may be normalized back to the reference specification.

Up River includes the San Lorenzo, Rosario and San Nicolas port areas on the Paraná River in Argentina. Bids, offers and trades for other locations and volumes may be normalized back to the basis location and volume.

Platts publishes a differential price or basis (versus the relevant prevailing futures contract) in US cents/pound for soybean oil, and the flat price in US dollar/mt.

The soybean oil assessments will be published in the Platts Daily Grain and Oilseeds report, on Platts Agriculture Alert pages 808 and 809, and in the Platts price database under the following codes:

Soybean Oil Argentina FOB Up River $/mt SYOAA00

Soybean Oil Argentina FOB Up River MAvg $/mt SYOAA03

Soybean Oil Argentina FOB Up River basis c/lb SYOAB00

Soybean Oil Argentina FOB Up River basis MAvg c/lb SYOAB03

SOYBEAN MEAL: The new Soybean Meal Argentina FOB Up River assessment reflects 40,000 mt cargoes, plus or minus 10% operational tolerance, loading on an Up River basis in Argentina. Bids, offers and trades for other locations and volumes may be normalized back to the basis location and volume.

The assessment reflects Gafta 39 soybean meal specification, but with a typical protein level of 46.5%; other protein levels or specifications may be normalized back to the reference quality.

Platts publishes a differential price or basis (versus the relevant prevailing futures contract) in US dollar/short ton for soybean meal, as well as a flat price in US dollar/mt.

The soybean meal assessments will be published in the Platts Daily Grain and Oilseeds report, on the Platts Agriculture Alert pages 802 and 803, and in the Platts price database under the following codes:

Soybean Meal Argentina FOB Up River $/mt SYMAA00

Soybean Meal Argentina FOB Up River MAvg $/mt SYMAA03

Soybean Meal Argentina FOB Up River basis $/st SYMAB00

Soybean Meal Argentina FOB Up River basis MAvg $/st SYMAB03

The new soybean oil and soybean meal assessments both reflect parcels loading one calendar month forward. These will roll to the next calendar month on the first publication day after the 15th of each month. For example, from September 16-October 15, the assessments would reflect parcels loading in November, while from October 16 to November 15, the assessments would reflect parcels loading in December.

All the assessments reflect the prevailing market value at 5:30 pm São Paulo time.

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

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.