SUBSCRIBER NOTE: Proposal to launch FOB Danube wheat and corn assessments

Fastmarkets Agriculture (Agricensus) proposes to launch new prices for Wheat 11.5%, Feed Wheat and Corn FOB Ukraine Danube ports.

This is due to an increase in trading activity via these ports in the last year since Russia’s invasion of Ukraine limited flows out of Black Sea ports

The proposed specifications for the prices are as follows:

Wheat 11.5% FOB Danube Ukraine $/mt

Price Type:         Assessment

Market Type:     Outright

Structure:           Agricensus Price Marker

Timestamp:       16:00 Kyiv

Frequency:         Daily

Currency/unit:  $ /mt

Contract Type:  Physical

INCO Term:        FOB

Location:            Ukraine Danube ports

Quantity:           Coaster 3-5kt

Specification:     Max protein content- 11.5 %. Max moisture 14%. Max waste impurities 5%. As per National Standard of Ukraine DSTU 3768: 2019 category 3.

Laycan Days:      10-15 days

Roll Date:           No roll.

Wheat Feed wheat FOB Danube Ukraine $/mt

Price Type:         Assessment

Market Type:     Outright

Structure:           Agricensus Price Marker

Timestamp:       16:00 Kyiv

Frequency:         Daily

Currency/unit:  $ /mt

Contract Type:  Physical

INCO Term:        FOB

Location:            Ukraine Danube ports

Quantity:            Coaster 3-5kt

Specification:     No minimum protein content. Max moisture14 %. Max waste impurities 5%. As per National Standard of Ukraine DSTU 3768: 2019 category 4.

Laycan Days:     10-15 days

Roll Date:           No roll.

Corn FOB Danube Ukraine $/mt

Price Type:        Assessment

Market Type:     Outright

Structure:          Agricensus Price Marker

Timestamp:       16:00 Kyiv

Frequency:         Daily

Currency/unit:  $USD/mt

Contract Type:  Physical

INCO Term:        FOB

Location:            Ukraine Danube ports

Quantity:            Coaster 3-5kt

Specification:     Max moisture 14.5%. Max 5% broken kernels. Max 5% damaged kernels. Max foreign matter 2%.

Laycan Days:     10-15 days

Roll Date:           No roll.

The consultation period for this proposed launch starts on May 17, 2023, and will end on June 16, 2023.

The launch will take place, subject to market feedback, on July 1, 2023.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter, please email pricing.ags@fastmarkets.com.

Please add the subject heading ‘Re: New Danube Ukraine prices.’

To see all Fastmarkets Agriculture pricing methodology and specification documents see here.