Mintec proposes to launch Argentinian Corn Mintec Benchmark Prices

All Market Notes 11 August 2023

Mintec is proposing to launch weekly Mintec Benchmark Prices (MBP) for Argentinian corn and is collecting feedback from market participants in the grains markets until Friday, 25th August 2023. If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 15th September 2023.

The proposed specification for this assessment would be as below:

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

Argentina is the third largest corn exporter and plays a vital role in supplying corn to the global market. The proposed assessment would provide additional granularity to Mintec’s existing global corn coverage and allow Mintec subscribers to compare prices between reliable benchmarks for major producing and exporting countries.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by Friday, 25th August 2023 and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.