CS-GRN-WHT-RUS125

Standard Basis

The prevailing market value of physical wheat of minimum 12.5% protein, loading FOB Russian Black Sea ports/locations in lots of 30,000 metric tonnes or more, expressed in US dollars per metric tonne. Publication cadence is weekly.

A published value is an estimate of the prevailing market level for this Standard Basis. It is not a bid, offer, executable quotation or guaranteed price.

Specification Table

Series code

CS-GRN-WHT-RUS125

Assessment type

CommodityScope Indicative Assessment

Product

Wheat

Quality basis

Minimum 12.5% protein. This is the milling-wheat grade of that protein specification. It is not feed wheat.

Market

Russia — Black Sea loadings

Delivery basis

FOB

Standard cargo

30,000 mt or more

Assessment unit

USD per metric tonne (USD/mt)

Frequency

Weekly

Published values

Assessment Midpoint; Assessment Range; Confidence Classification

Methodology family

Grain Assessment Methodology

Methodology version

1.2

Parent methodology

CS-METH-GRAIN

Document issued

21 September 2026

Market definition

Delivery basis

Free on Board at an eligible Russian Black Sea loading location. The assessed value is the value of grain loaded aboard the nominated vessel. It excludes onward marine freight and marine insurance to the buyer’s destination.

Cargo

The stated lot size is deep-water loadings of 30,000 metric tonnes or more. Smaller coaster lots are a different market.

Loading window

Loading window is not specified for this Series.

Publication schedule

Weekly cadence. Updates follow the weekly publication cycle when a qualifying market observation is available. Each value retains its assessment date.

Assessment cutoff is not specified for this Series.

Exclusions and related markets

• Lots below 30,000 mt are not the Standard Basis of the Series.
• CFR, CIF, delivered, ex-store or other destination terms are not equivalent to FOB Russian Black Sea.
• Ukrainian, Romanian, US, Argentine, French and other wheat origins are different series.
• Feed wheat is a different series.
• Nearby wheat futures are Reference Market Series and do not enter the Assessment Midpoint or Assessment Range.
• The Russian wheat export duty is a separate Reference Market Series. It does not enter the CS-GRN-WHT-RUS125 midpoint or Assessment Range.

The Assessment Midpoint and Assessment Range of CS-GRN-WHT-RUS125 are formed from this Series’ own grain-market observations. A related-forward or related-physical series does not enter the Assessment Midpoint. Nearby grain futures are Reference Market Series and do not enter the Assessment Midpoint or Assessment Range.

Comparability is evaluated against the stated basis; adjustments apply only where the family methodology defines them. Grain Methodology 1.1 does not apply a lot-size, protein, origin or timing premium to the Assessment Midpoint of this Series.

Other Black Sea and competing-origin wheat markets may be reviewed as supplementary market context and validation references. They do not enter the CS-GRN-WHT-RUS125 midpoint or Assessment Range unless explicitly listed by the applicable Grain methodology.

Parent methodology

This specification defines the market basis of CS-GRN-WHT-RUS125 and is governed by Grain Assessment Methodology version 1.2.

Revision History