South Korean mills buy 40,000 T wheat from the U.S., traders say
HAMBURG, July 17 (Reuters) -A group of South Korean flour mills bought an estimated 40,000 metric tons of milling wheat to be sourced from the United States in an international tender on Wednesday, European traders said.
The purchase involved several different wheat types and was all bought on an FOB basis for shipment between Oct. 1-15.
Seller was believed to be trading house ADM, they said.
The purchase involved 12,590 tons of soft white wheat of between 9.5% to 11% protein content bought at $233.87 a ton FOB, 11,760 tons of hard red winter wheat of 11.5% protein bought at $267.97 FOB and 15,650 tons of dark northern spring wheat of 14% protein bought at $275.32 a ton FOB, traders said.
HAMBURG, July 17 (Reuters) -A group of South Korean flour mills bought an estimated 40,000 metric tons of milling wheat to be sourced from the United States in an international tender on Wednesday, European traders said.
The purchase involved several different wheat types and was all bought on an FOB basis for shipment between Oct. 1-15.
Seller was believed to be trading house ADM, they said.
The purchase involved 12,590 tons of soft white wheat of between 9.5% to 11% protein content bought at $233.87 a ton FOB, 11,760 tons of hard red winter wheat of 11.5% protein bought at $267.97 FOB and 15,650 tons of dark northern spring wheat of 14% protein bought at $275.32 a ton FOB, traders said.
Source Link : https://www.xm.com/research/markets/commodities/reuters/south-korean-mills-buy-40000-t-wheat-from-the-us-traders-say-53882633
Recommended for you
