Agriculture

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Sustainable Aviation Fuel CIF ARA

Agriculture

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Platts LatAm Soybean Oil and Soybean Meal Assessments

Agriculture

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Animal Feeds Price Assessments

Agriculture

UCO FOB Straits M2M Financial

What is UCO FOB Straits M2M Financial?Biodiesel Feedstock: Used Cooking Oil (UCO) FOB Straits Basis and Locations - Prices are assessed daily on an FOB Straits basis, with Straits being defined as Pasir Gudang and Singapore terminals. Loadings from Port Klang may also be reflected in the assessment but may be normalized for assessment purposes. UCO assessments reflect material with a maximum of 5% FFA , a maximum of 2% MIU, maximum 40ppm sulfur and a minimum of 50gr iodine per 100gr of used cooking oil and maximum wax content of 300 ppm. The cargoes reflect ISCC-certified and RED-compliant material. In addition, the assessment reflects product that holds proof of sustainability obtained in the framework of voluntary schemes approved by the EU Commission (Nabisy, UK and Dutch-double counting).Proof of Sustainability, Annex VII and Right to Audit needs to be provided by the seller. Payment terms are defined standard payment terms.Disclaimer *This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.QUNBM01UCO FOB Straits M2M Financial Mo01 (QUNBM01)yesQUNBM02UCO FOB Straits M2M Financial Mo02 (QUNBM02)yesQUNBM03UCO FOB Straits M2M Financial Mo03 (QUNBM03)yes

Fertilizer Assessments

Fertilizer AssessmentsOur Fertilizer service, which includes Fertecon now part of S&P Global Commodity Insights, can help you navigate volatile global fertilizer markets with our industry benchmark price assessments, underpinned by robust and transparent methodologies.Fertilizers HeardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.yes

Platts Global Transportation Fuels Index

How do Platts Global Transportation Fuels Index benefit the market? As strict environmental regulations disrupt the market, one thing is certain. Tomorrow's transportation sector will look very different from today's. we're building on our history of transportation fuels benchmarks to bring clarity and transparency to what's coming next. As we engage with market participants, we're focusing on the future energy strategies and trade flows that are already starting to emerge.Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form .ADEXA00Platts Global Transportation Fuels Index $/mtyes

Proteins Price Assessments

What is Brazil Beef Marker Assessment?Brazil Beef Marker, FCA Brazil assessment by S&P Global Commodity Insights is the daily price assessment for beef, representing frozen front forequarter 8 cuts, to be loaded in 40-foot refrigerated containers.What is 90CL Beef CIF US Assessment?90CL Beef CIF US assessment by S&P Global Commodity Insights is the daily price assessment for beef, representing 90% chemical lean manufacturing beef loaded in 40-foot refrigerated containersBeef CommentaryProteins HeardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our Proteins assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.ATALB00 90CL CIF US Beef $/mtyesATALC00Brazil Beef Marker $/mt yes

Platts PFAD Assessments

What are PFAD Assessments?Platts Asia PFAD FOB Indonesia and Indonesia Mo01 assessment by S&P Global Commodity Insights reflects product that allows for free fatty acids minimum 70%, a maximum 1% moisture content, and saponifiable matter of minimum 95% following feedback from the market. Other volumes and specifications may be considered but would be normalized back to the reference.PFAD HeardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.APFAE00PFAD FOB IndonesiayesAPFAD00PFAD FOB Indonesia Mo01yes

Global Corn Price Assessments

What are Platts corn price assessments? Platts publishes a range of corn assessments for specific export and import markets globally that are used by the industry to manage risk and bring transparency: Americas • Argentina Corn FOB Up River • Corn FOB Argentina Panamax • Brazil Corn FOB Santos • US Corn CIF New Orleans • Corn FOB US Gulf Coast Panamax • Corn FOB US PNW Europe/Black Sea • Black Sea corn • Corn FOB Black Sea (Ukraine) Panamax Asia • Corn CFR North East Asia New Orleans Platts began assessing CIF New Orleans corn in 2016. The assessment captures US corn delivered at export terminals in New Orleans. The corn is then run through the grain facilities before being loaded on seagoing vessels for export out of the US. Platts added FOB New Orleans cargoes in 2020 to increase transparency in the US corn export market. Pacific Northwest As part of the launch of the daily global corn arbitrage price matrix to increase transparency in origin or export markets Platts began publishing US FOB Pacific Northwest cargo prices in 2020. Latin America Platts has been assessing daily spot physical assessments for Latin America corn since February 2019, focusing on the key export regions of Argentina and Brazil. Platts publishes the daily Latin America corn prices are published in US dollars/ mt, as well as a US cents/bushel differential, or basis, to the CBOT corn futures settlement price. The relevant futures contract month letter code is published next to the basis value. North East Asia Platts began assessing Corn CFR North East Asia in August 2016 to reflect the daily value of feed corn imported into South Korea. The price reflects corn imported from the most competitive origin worldwide, on any given day. The South Korea corn purchase price is widely used as a reference price for purchases done by neighboring countries in Asia such as Japan, Taiwan, Vietnam. Platts also publishes daily global corn arbitrage pricing matrix, which reflects the competitiveness of each major export origin delivered into Asia, the world's largest corn import region. Europe/Black Sea The Black Sea assessment reflects corn production and exports from countries bordering the Black Sea. Our market coverage focuses primarily on supply from Russia and Ukraine, but also looks at exports from Kazakhstan, Romania, Bulgaria, Serbia and Hungary. How does Platts assess corn? Platts assessments are based on robust and transparent market data that includes, but is not limited to, firm bids and offers, expressions of interest to trade and confirmed trades reported across the trading day. Platts gathers price data from a wide segment of the market, including producers, originators, traders, brokers, shippers and consumers. New Orleans The assessment represents CIF basis New Orleans, Louisiana barges for US Yellow Number 2 corn as specified by the US Federal Grain Inspection Service. Platts assesses material being delivered at any period during the month for the current month and front month from the date of publication. The assessment dates will roll to the next month around one week before the end of the current month. In the absence of representative CIF New Orleans price information, Platts may also refer to prices in relevant up river destinations and use prevailing spot freight rates. Assessments are published in US dollars/mt, as well as a US dollars/bushel differential, or basis, to the CBOT corn futures settlement price. The FOB US Gulf Coast assessment reflects Panamax cargoes basis New Orleans. In the absence of pricing data on an FOB basis, Platts may consider pricing data for associated markets such as the CIF New Orleans delivered barge market factoring in elevation costs. Pacific Northwest The FOB PNW cargo assessment reflects the tradable value at 16:30 Singapore time. The assessment represents Panamax cargoes of US yellow corn Number 3 as specified by the US Federal Grain Inspection Service loading from US Pacific Northwest ports of Seattle, Tacoma, Longview, Kalama, Vancouver, and Portland. Assessments reflect loading two calendar months forward. Assessment is published in US dollars/ mt, as well as a US dollars/bushel differential, or basis, to the CBOT corn futures settlement price Latin America For Argentina, FOB Up River assessment represents cargoes for the export market of GAFTA grade 2 corn specification. Assessment reflects product loading one calendar month forward. This will roll to the next month on the first publication day after the 15th of the current month The Argentina FOB Panamax cargo assessment reflects a two-port load; at an Up River port not above Timbues, with a topoff at the ports of Necochea or Bahia Blanca at the seller’s option. The daily Argentina corn FOB Panamax cargo price is published on an outright basis by applying the weekly Panamax cargo differential to the daily Argentina corn FOB Up River assessment. The weekly differential is published in US cents/bushel and reflects the tradable value at 5:30 pm Sao Paulo time every Wednesday, or the next publishing day if Wednesday is a pricing holiday The Brazil, FOB Santos assessment reflects export cargoes of ANEC specification corn. Due to the seasonality of the country's export market the daily FOB Brazil assessment has two different approaches according to the time of the year: • From July 16th to December 15th the assessment reflects the next month of loading and rolls to the following calendar month on the 16th of the current month unless that day is not a business day, in which case the assessment rolls over on the next business day. For example, on August 15 Platts will assess cargoes loading over September and on August 16 Platts would assess cargoes loading over October. • From December 16th to July 15th the assessment reflects cargoes due to load only during the upcoming August. CFR North East Asia The CFR North East Asia assessment reflects the daily traded or tradable value of imported corn at 1630 Singapore time (0830 GMT) for cargoes for delivery 90-120 days from publication date. Quality specifications are normalized to standard US corn grade no. 3 or equivalent grades, volume are normalized to 60,000-65,000 mt, and credit terms are normalized to LC at sight. Cargoes are normalized to a one-port discharge basis Pyongtaek port, in South Korea. In the absence of representative CFR South Korea price information, Platts may also refer to CFR Northeast Asian or FOB prices from relevant supply origins using prevailing spot freight rates and adjustments for quality if applicable. Black Sea The FOB Black sea corn (Ukrainian) assessment reflects export cargoes of a reference 25,000 mt parcel size, loading from ports capable of accepting Panamax vessels (Odessa, Pivdennyi (formerly known as Yuzhny) and Chornomorsk). Platts may also include, for assessment purposes, other Black Sea ports or CFR prices from relevant destinations, normalized to so called Ukrainian Panamax ports as basis, using prevailing spot freight rates. Black Sea wheat and corn prices are assessed in US dollars per ton and reflect the tradable and repeatable spot market value at 1630 London time. For full assessment details please refer to the Platts global grain and oilseed specification guide > Global corn price arbitrage matrix The global corn price arbitrage matrix provides a calculation of the competitiveness of each major export origin delivered into Asia, the world's largest corn import region. The price matrix reflects the replacement values and profit margin calculations associated with the import of feed corn from the US Gulf Coast, the US Pacific Northwest, Brazil, Argentina and Ukraine at destination in Northeast Asia. The global corn price matrix is published three times over the day taking into account the most recent published values by Platts in line with our Market on Close methodology. The timestamps reflected are 1630 Singapore time, 1630 London time and 1730 Sao Paulo time. To calculate the CFR North East Asia corn price for each origin location Platts uses the FOB cargo value plus the relevant freight assessment from origin to Asia/delivery location. The resultant value is then subtracted from the Corn CFR North East Asia assessment to give the arbitrage margin. For more detail on the corn price arbitrage matrix and calculations please refer to the Platts Global Grains and Oilseeds specification guide. Why are these prices important? A robust and transparent physical price representing the specific dynamics of regional markets and which leads to physical indexation and financially settled derivative instruments is a powerful tool which helps customers and other market participants: — Manage and hedge price risks — Leverage arbitrage opportunities — Carry out negotiations more profitably and efficiently — Make better-informed planning and trading decisions Example Corn daily price heardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.WCNOC00US Corn CIF New Orleans $/bu Mo01 – (WCNOC00)yesWCNOB00US Corn CIF New Orleans $/mt Mo02 – (WCNOB00)yesWCNOE00US Corn CIF New Orleans Basis cent/bu Mo01 – (WCNOE00)yes

Used Cooking Oil (UCO) & UCOME Indices

What are Platts Carbon Credit Assessments?Building on the launch of the Platts CEC, interest in the voluntary carbon credit market has continued to evolve. Not only are buyers looking to offset carbon emissions, but there has also been an increased focus on how those emissions are offset, which has led to a surge in demand credits generated by nature-based and community-based projects. Platts suite of carbon credit assessments will provide a comprehensive picture of prices in the swiftly developing global voluntary carbon credits market.Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.UCFCA00UCOME FOB China $/mt (UCFCA00)yesAUCOC00UCO North Asia $/mt (AUCOC00)yesQUNBM01UCO FOB Straits M2M Financial (QUNBM01)yes

SAF/HVO prices (PFAD based)

What are SAF/HVO prices (PFAD based)? The FOB North Asia HVO, or renewable diesel, price is a costbased assessment. The assessment is published on an FOB China basis, and is comprised of a number of existing Platts assessments and other fixed costs. The HVO inputs are FOB China Used Cooking Oil [AUCOC00] and Japan Hydrogen SMR [IGYGC00], added to fixed renewable diesel refinery costs, then deducting the by-product credits to include Propane Refrigerated CFR South China [AABAK00] and Naphtha C+F Korea Cargo [PAADE00]. SAF Cost of Production, is an ex-refinery price based on cost calculations from our Platts Analytics team. The costbased prices for SAF are published on an ex-refinery NWE basis, and is comprised of a number of existing Platts assessments and other fixed costs. The SAF inputs are Used Cooking Oil CIF ARA [AUCOA00] and Hydrogen Netherlands SMR [HXNMA00] added to fixed SAF biorefinery costs, then deducting the by-product credits to include FOB ARA Propane [PMAAS00], Naphtha CIF NWE cargoes. Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.HVMAB00HVO (PFAD) Southeast Asia $/mt (Mirrored)yesASMAA00Sustainable Aviation Fuel Cost of Production (PFAD) Southeast Asia $/mt (Mirrored)yes

Platts POME FOB Malay and Indo Assessments

What are POME FOB Malay and Indo Assessments?Platts Asia POME FOB Malaysia and Indonesia assessment by S&P Global Commodity Insights reflects product that allows for free fatty acids minimum 50%, a maximum 4% moisture content, and total fatty matter of minimum 95% following feedback from the market. The assessments will reflect a typical bulk volume of 2,000-5,000 mt. Other volumes and specifications may be considered but would be normalized back to the reference.POME FOB Malay and Indo HeardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.APOMA00Asia POME FOB IndonesianoAPOMB00Asia POME FOB Malaysiano

Platts Global Transportation Fuels Index

What is Platts Global Transportation Fuels Index?As strict environmental regulations disrupt the market, one thing is certain. Tomorrow's transportation sector will look very different from today's. we're building on our history of transportation fuels benchmarks to bring clarity and transparency to what's coming next. As we engage with market participants, we're focusing on the future energy strategies and trade flows that are already starting to emerge. Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form .ADEXA00Platts Global Transportation Fuels Index $/mt (ADEXA00)yes

Platts North Asian Corn Assessments

What are Platts North Asian Corn Assessments?Platts began assessing Corn CFR North East Asia in August 2016 to reflect the daily value of feed corn imported into South Korea. The price reflects corn imported from the most competitive origin worldwide, on any given day. The South Korea corn purchase price is widely used as a reference price for purchases done by neighboring countries in Asia such as Japan, Taiwan, Vietnam.Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.WCINV00Corn CFR North East Asia $/mt (WCINV00)yes

Platts Canadian Wheat Assessments

What are Platts Canadian Wheat Assessments?Platts CWRS Wheat FOB Vancouver assessment by S&P Global Commodity Insights is the daily price benchmark for No. 2 Canada Western Red Spring wheat with a protein content of 13.5%. The assessment reflects partial cargoes to full Panamax cargoes shipped from the port in Vancouver.Canadian Wheat Assessments HeardsCanadian Wheat Assessments CommentaryDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.AWHCD00Latest Price CWRS Wheat 13.5% FOB Vancouver AWHCD00 ($/mt)yesAWHCA00Latest Price CWRS Wheat 13.5% FOB Vancouver AWHCA00 (c/bsl)yes

Platts Biodiesel Assessments

What are Platts Biodiesel Assessments?S&P Global gathers price data from a wide segment of the market, including biodiesel producers and distributors as well as agricultural traders, fuel blenders, retailers and refiners. Biodiesel is an umbrella term that covers a range of potential fuels derived largely by a transesterification process from such diverse feedstocks as rapeseed, palm oil, soybean or even used cooking oil and tallow.Disclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.ABPLA00Biodiesel DAP Paulinia R$/cbm (ABPLA00)yes

Platts B24 Straits and B30 Rotterdam Assessments

What are B24 Straits and B30 Rotterdam Assessments?Bio-Bunkers B24 Singapore $/mt (ABUNA00)- Platts Bio-Bunkers B24 Singapore assessment by S&P Global Commodity Insights is a cost-based assessment reflecting a ratio of 76% fuel oil based on Platts benchmark Marine Fuel 0.5% Bunker Dlvd Spore $/mt assessment (MFSPD00) and 24% Used Cooking Oil Methyl Esther (UCOME) based on the Platts UCOME FOB Straits $/mt assessment (UCFCB00), and additional logistical costs. The assessment reflects bio-bunkers stem size ranging between 500 mt to 1,000 mt.B24 Straits and B30 Rotterdam HeardsDisclaimer*This summary (Heards and Prices) will be available for a limited time only. *If you would like to learn more about gaining access to our range of assessments, please fill in this form . *If you would like to learn more about our assessments and methodology, please email MRTS_AgricultureandFood@spglobal.com.ABUNA00Bio-Bunkers B24 Singapore $/mtyesABKRA00Bio-Bunkers B30 Rotterdam UCOME $/mtyesABKRB00Bio-Bunkers B30 Rotterdam FAME 0 $/mtyes

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Feature: India's wheat stocks hit 16-year low as record sales, free distribution raise supply concerns

India's wheat stocks in state-run inventories depleted to a 16-year low as the central government sold record quantities to augment domestic supplies and rein in rising prices amid poor crop yields during two previous seasons. Wheat stocks in government warehouses were at 7.5 million mt at the start of April, down from 8.4 million mt a year ago, an official at the Food Corporation of India told S&P Global Commodity Insights. Over the past decade, wheat stocks on April 1 averaged 16.7 million mt. Despite the sharp fall in stocks, the government was able to meet the buffer and strategic reserve norms that mandate holding wheat stocks at or above 7.46 million mt April 1. The government has planned to aggressively acquire wheat to replenish its stocks at state-run warehouses. The government plans to procure around 33.5 million mt wheat produced in marketing year 2024-25 (April-March), nearly 28% higher than the actual procurement of 26.2 million mt a year prior. India could not reach its wheat procurement target in MY 2022-23 and MY 2023-24, as heat waves weighed on the crop size. However, the pace of procurement has slowed over the past week as recent showers in key wheat producing states have delayed harvest operations, traders said. The government has pegged India's wheat output in crop year 2023-24 (July-June) at 112 million mt, slightly higher than the 110.55 million mt harvested in the previous season. However, an S&P Global Commodity Insights survey of 13 analysts and traders found India's wheat harvest in MY 2023-24 is likely slightly lower year on year, at 107 million-108 million mt. Recently, it has ordered mandatory declaration of wheat stocks available with traders, private warehouses, retailers and processors on a government-managed portal effective April 1 and every Friday thereafter, in a bid to ensure availability and prevent hoarding. Record sales The country has delved into state reserves to sell wheat to bulk consumers, as millers to try to curb domestic prices that have been above the state-fixed minimum buying price since the last crop was harvested. India has also provided repeated extensions to the scheme of distribution of free food grains to over 810 million beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana for five years effective Jan. 1, 2024, has dampened the prospects for wheat and non-basmati rice exports in 2024. The move is aimed at ensuring food security to the beneficiaries, according to a government statement. The scheme, which was set to end this December, has been extended amid ongoing state assembly polls and upcoming general elections next year. However, if the government misses its procurement target, it may have to look for cheap imports or reduce import duty on the grain to ensure adequate domestic supplies. Despite the tight supply, it has been resisting calls to reduce or remove the 40% import duty on wheat. The government is also likely to extend export restrictions on wheat until March 2025. India banned wheat exports in May 2022, after domestic supplies tightened amid a drop in output. In marketing year 2022-23 (April-March), India planned to export nearly 10 million mt of wheat but ended up shipping nearly 5 million mt. Geopolitical tensions Benchmark grain, oilseed and vegetable oil futures rose overnight in the US and during morning trade in Asia April 19, reversing a bearish streak, after Israel launched a retaliatory missile attack on Iran, fueling fears of an escalating conflict in the Middle East. Any potential supply bottlenecks may spur a rise in export prices of wheat from Black Sea origin, traders said. The most active July soft red winter wheat contract on the Chicago Board of Trade rose 2.6% from the previous close to $5.675/bushel at 0320 GMT. As of 1640 GMT, the contract was trading at $5.62/bushel, up 1.67% from the previous close. In the EU, the Euronext milling wheat contract for May was up 0.4% from the previous close at Eur206.50/mt ($219.88) as of 1640 GMT. Platts, part of S&P Global Commodity Insights, assessed EU 11.5% wheat FOB CVB at $213.25/mt April 18, up $1/mt on the day.

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