Platts assessments from S&P Global Commodity Insights 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.
SOYBEAN OIL
The new Soybean Oil Argentina FOB Up River assessments reflect 1,000 mt parcels loading on an "Up River" basis in Argentina, and 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 basic location and volume.
S&P Global Commodity Insights 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.
SOYBEAN MEAL
The new Soybean Meal Argentina FOB Up River assessments reflect 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 basic location and volume.
The assessments reflect 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.
S&P Global Commodity Insights 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 new soybean oil and soybean meal assessments both reflect parcels loading one calendar month forward. These roll to the next calendar month on the first publication day after the 15th of each month.
