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.