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S&P Global Platts launched daily spot physical price assessments for South American corn, covering FOB Santos for Brazil and FOB Up-River for Argentina. The company says the two countries' share of global corn trade has more than doubled over the past decade.
Transparent physical benchmarks for Brazilian and Argentine corn improve price discovery for buyers and reflect growing South American competition in export markets.
press.spglobal.comFeb 4, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
