Export Summary-Egypt buys Russian wheat, US corn sold to unknown
As of September 12, 2024, Egypt’s GASC purchased 430,000 tons of Russian wheat for October delivery outside the usual tender process. The USDA confirmed sales of 118,626 tons of U.S. corn for the 2024/25 season. Indonesia’s Bulog issued a tender for 450,000 tons of rice, while Jordan’s wheat tender failed and Algeria’s ONAB is seeking bids for corn and barley.
Sept 12 (Reuters) -Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Thursday:
WHEAT SALE: Egypt’s state grains buyer purchased Russian wheat in a private deal this week outside of the traditional tender process, three sources familiar with the matter told Reuters. Two of the sources said the General Authority for Supply Commodities (GASC) bought 430,000 metric tons of Russian wheat for October shipment.
CORN SALE: The U.S. Department of Agriculture confirmed private sales of 118,626 metric tons of U.S. corn for shipment to unknown destinations in the 2024/25 marketing year.
RICE TENDER: Indonesian state purchasing agency Bulog has issued an international tender to buy about 450,000 metric tons of rice, European traders said. The deadline for submissions of price offers in the tender is Sept. 23, they said, with price negotiations to follow for several days before a decision. Rice arrival in Indonesia is sought in October/November.
FAILED WHEAT TENDER: Jordan’s state grain buyer is believed to have made no purchase in an international tender to buy 120,000 metric tons of milling wheat on Thursday, European traders said.
PENDING TENDERS:
CORN, BARLEY TENDER: Algerian state agency ONAB issued an international tender to purchase about 160,000 metric tons of corn and 35,000 tons of animal feed barley, European traders said. The deadline for bids in the tender was on Sept. 11, the traders said, adding that indicated ONAB had not bought any corn in a previous tender a week ago.
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Source Link : https://www.xm.com/research/markets/allNews/reuters/export-summaryegypt-buys-russian-wheat-us-corn-sold-to-unknown-53924711
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