Launch of US Gulf 10.5% fob soft red winter wheat

Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.

The new launch is to meet customer demand for improved price insight for the US Gulf amid logistics challenges that mean the delta between the export hub and the underlying Chicago futures contract needs greater oversight.

The specifications are as follows:
AG-WHE-0058 Wheat 10.5%, fob US Gulf SRW wheat $/mt
Location and incoterm: US Gulf New Orleans, fob
Volume: 25,000-40,000 tonnes
Timing: Spot assessment with four subsequent monthly forward prices
Unit: US dollar per metric tonne (outright), and US cents per bushel (premium)
Publication: Daily

These prices will be a part of the Fastmarkets Grains package

To provide feedback on this price launch, or if you would like to provide price information by becoming a data submitter, please contact Mark Shenk by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Mark Shenk, re: Wheat 10.5%, fob US Gulf SRW wheat.”

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 https://www.fastmarkets.com/methodology.

What to read next
Brazilian corn exports amounted to 3.59 million tonnes in January, down by 26.3% from the same month last year. Meanwhile, soybean shipments fell by 62.4% to 1.07 million tonnes, according to customs weekly data on Monday, February 10. In January last year, Brazil exported 4.87 million tonnes of corn and 2.85 million tonnes of soybeans. […]
This price is part of the Fastmarkets Scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets proposes to amend the load port of its hard coking coal and pulverized coal injection (PCI) spot prices, fob DBCT, to fob eastern Australian ports, from the current basis of Dalrymple Bay Coal Terminal, Australia.
The amendment to the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China has been delayed following a reporter error. Fastmarkets decided to amend the name of the price assessment, shortening it to nickel ore with 1.8% nickel content, following a […]
Fastmarkets proposes to launch two price assessments for 400 stainless steel: stainless steel 409 cold-rolled sheet, fob mill US, $/cwt and stainless steel 430 cold-rolled sheet, fob mill US, $/cwt.
Currently, its suite of consumer stainless scrap assessments settle on the 10th of each calendar month in line with the publication deadline of the US ferrous scrap settlement. North American ferrous scrap prices settle on or before the 10th of the month, per Fastmarkets’ methodology, which can be found here. US domestic ferrous markets are taking […]