Mintec proposes to launch Argentinian and US Gulf Soybean Mintec Benchmark Prices

All Market Notes 31 August 2023

Mintec is proposing to launch two weekly Mintec Benchmark Prices (MBP) for Soybean FOB Argentina and Soybean FOB US Gulf and is collecting feedback from market participants in the oilseed markets until Thursday, 14th September 2023.

The proposed specifications for these assessments would be as below: 

The proposed assessments would reflect the transactable value at 16:00:00 London time.

The USA and Argentina are major soybean producers and exporters and play a vital role in supplying soybeans to the global market. The proposed assessments would complement Mintec’s existing soybean coverage and allow for Mintec subscribers to compare prices between major exporting origins.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Thursday 14th September 2023 and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.