SUBSCRIBER NOTE: Changes to wheat, corn, freight pricing

Following market consultation and as previously announced, Fastmarkets Agriculture has made the following changes to wheat, corn, and freight methodologies with effect from January 15:

1.       Changed the protein content for Wheat FOB CVB from 12% to 12.5% and added a new assessment for Wheat FOB CVB 11.5% to better reflect what the market is trading;

2.       Changed the protein content for Wheat FOB France (Rouen) from 11.5% to 11% to better reflect what the market is trading;

3.       Altered the formula for Wheat CFR North Africa to include Wheat FOB France 11%, replacing Wheat FOB Germany 12.5%;

4.       Added assessments for Freight CVB - W Med and changed the name of the assessment for Freight Black Sea - W Med $/mt to Freight Ukraine - W Med $/mt to reflect the difference between Ukraine-Spain and CVB-Spain freight for corn and wheat markets used to calculate Wheat CIF Spain FW.

5.       Add Corn FOB Brazil into the calculation for Corn CIF China;

6.       Add Corn FOB CVB into the calculation for Corn CIF Korea and Corn CIF Vietnam;

7.       Add assessments for Freight CVB – Southeast Asia to be used in these calculations and change the name of the assessment for Freight Black Sea – Southeast Asia to Freight Ukraine – Southeast Asia;

For more information, please contact pricing.ags@fastmarkets.com.

You can find the current Fastmarkets methodologies here.