A-Team Insight Briefs

MarketDesk, SAFRAS & Mercado, and CTDI Partner to Launch New Brazil Soybean Index

Market data solutions provider MarketDesk has forged a partnership with SAFRAS & Mercado, the South American agrispecialists owned by CMA Group, and index solutions provider CTD Indices, to launch a new Soybean index, which is intended to provide a more reliable and transparent national benchmark price for the global commodities futures markets.

Currently, the major South American Soybean futures contract (CME SAS) is based solely on the export price at the Brazilian port city of Santos, whereas the new SAFRAS CTDI Brazilian Soybean Index takes into account transaction prices from 37 different cities across Brazil, and adheres to the best practices of the IOSCO Statement of Compliance around financial benchmarks.

Under the tripartite agreement, SAFRAS & Mercado is providing the raw data, CTD is aggregating that data to calculate the indices, and MarketDesk is providing the technology that will enable the index to be fed into trading and data platforms around the world.

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