Brazil’s CMA Group worked with CTDI to launch the SAFRAS CTDI Brazil Soybean Index. The index is an effective tool that offers users aggregated soybean prices from 37 different cities across Brazil. It fills a void, as currently, there is not a single soybean price being set at the national level in the country. All Brazilian soybean prices are being set at cities across the country, where physical trading takes place in regional markets. This is concerning, considering Brazil is the world’s leading soybean producer and exporter. A lack of a transparent, coherent national soybean price is a disservice to the global financial industry. As Brazil has become the world’s leading exporter of soybeans, a coherent national benchmark price is ever more important for producers, mid stream grain merchants, and financial participants for production and hedging purposes.