South Korea bought over 200,000 tons of corn at the same price as a month ago
According to market operators, the South Korean company Major Feedmill Group (MFG) purchased about 204 thousand tons of feed corn in an international tender on January 9, with delivery in the second half of April 2026.
This volume was contracted in three batches of 68 thousand tons each, in particular:
- two batches – from operator CHS at a price of $249.6/t C&F (+$1.5/t for additional unloading at the port) with delivery between April 15 and 30,
- one batch – from Bunge at a price of $249.94/t C&F (+$1.25/t for additional unloading at the port) with delivery by April 25, although some traders estimate the volume of this batch at 65 thousand tons.
Recall that on November 20, the South Korean company Nonghyup Feed Inc. (NOFI) purchased about 195 thousand tons of feed corn at an international tender on November 20 at a price of $249.46/ton C&F (+$1.25/ton for unloading at the port) with delivery in March 2026.
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