The Price of ASW Wheat FOB Australia

Platts assessments by 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.

The assessment's volume, location, and timing would reflect typical ASW1 wheat exports, normalized to 30,000 mt loadings from Kwinana, Western Australia, for a cargo loading 60-90 days forward from the date of publication.

As per S&P Global methodology, the assessment would be made using transactional information collected daily, including transactions, bids and offers up to 4:30 pm Singapore time (0830 GMT).

In the absence of representative FOB Australia price information, S&P Global may also normalize bids, offers, or trades of atypical ASW wheat cargo sizes from other locations.

Western Australia (WA) is the largest wheat producing state in Australia, accounting for 35-60% of total production. 90% of WA wheat is exported, which accounts for 40% of total Australia wheat exports, meaning there is sufficient liquidity in the export market. Finally, out of all wheat grades grown in WA, ASW has the highest production.

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