Transformation of Fastmarkets’ three Brazilian soyoil domestic prices into forward curves with launch of month-two assessments

M2 forward assessments will be added to its Soyoil fob Alto Araguaia, no tax, Real/tonne price; its Soyoil fob Ponta Grossa, no tax, Real/tonne price; and its Soyoil cif São Paulo, with tax, Real/tonne price on that date.

The three new assessed forward months will expand the scope of Fastmarkets’ soyoil pricing suite in Brazil, a market of increasing strategic importance for feedstocks and biofuels, where an innovative forward-curve pricing structure will make the existing suite offering more robust while satisfying calls for increased market transparency.

The proposed specifications are as follows:

AG-SYB-0083 Soyoil fob Alto Araguaia, no tax, Real/tonne

Quantity: min 38 tonnes

Incoterm: FOB

Location: Alto Araguaia, Mato Grosso, Brazil

Specification: 1% max FFA, 0.2% max moisture and volatile matter, 0.1% max impurities

Unit & Currency: Reais per tonne

Delivery period: Loading for the first assessment month (M1) is the current loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the 16th of each month. Loading for the second assessment month (M2) is one month ahead.

Data window: Assessment day up to publication time

Frequency: Daily, 5pm São Paulo time. Prices will not be published on either Brazil or US holidays

Payment terms: Up to 30 days after delivery

AG-SYB-0084 Soyoil fob Ponta Grossa, no tax, Real/tonne

Quantity: min 38 tonnes

Incoterm: FOB

Location: Ponta Grossa, Paraná, Brazil

Specification: 1% max FFA, 0.2% max moisture and volatile matter, 0.1% max impurities

Unit & Currency: Reais per tonne

Delivery period: Loading for the first assessment month (M1) is the current loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the 16th of each month. Loading for the second assessment month (M2) is one month ahead.

Data window: Assessment day up to publication time

Frequency: Daily, 5pm São Paulo time. Prices will not be published on either Brazil or US holidays

Payment terms: Up to 30 days after delivery

AG-SYB-0085 Soyoil cif São Paulo, with tax, Real/tonne

Quantity: min 38 tonnes

Incoterm: CIF

Location: São Paulo, São Paulo, Brazil

Specification: 1% max FFA, 0.2% max moisture and volatile matter, 0.1% max impurities

Unit & Currency: Reais per tonne

Delivery period: Loading for the first assessment month (M1) is the current loading month from the assessment day for the first 15 days of the month, with the laycan rolling to the second calendar month on the 16th of each month. Loading for the second assessment month (M2) is one month ahead.

Data window: Assessment day up to publication time

Frequency: Daily, 5pm São Paulo time. Prices will not be published on either Brazil or US holidays

Payment terms: Up to 30 days after delivery

To provide feedback on these prices or to provide price information by becoming a data submitter, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading “re: Brazil domestic soyoil.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.