S&P Global Platts announces soybean price assessments

In the UK, S&P Global Platts announced that it has started publishing three daily soybean price assessments: SOYBEX CFR China, SOYBEX FOB Santos and SOYBEX FOB Paranagua.

The daily price assessment SOYBEX CFR China reflects the value of soybeans on a delivered basis into ports in North China.

The daily price assessments SOYBEX FOB Santos and SOYBEX FOB Paranagua reflect the value of soybeans on a Free on Board basis in those Brazilian ports.

The assessments will be published daily on a cent per bushel basis over the CBOT soybean futures contracts as well as a USD per metric ton flat price assessment.

The standard specification reflects Brazil origin soybean specification with oil content of 18.5% and a standard protein level of 34.5%, while other qualities may be considered but would be normalized back to the reference quality.