South Korea purchased 268 thsd tons of feed corn.
According to updated data, South Korean company Major Feedmill Group (MFG) purchased 268,000 tonnes of feed corn at an international auction on December 17, Reuters reported.
Four corn shipments were purchased on a C&F basis:
- two shipments of 66,000 tonnes from ADM at $255.50, plus the March CBOT corn contract plus 211.5 cents per bushel, for delivery to South Korea in March 2026;
- one shipment (68,000 tonnes) from Olam at $253.33 per tonne C&F plus a second-port unloading premium of $1.50 per tonne, for delivery to South Korea in April 2026;
- one shipment (68 thousand tons) from CHS at a price of $253.33 per ton on a C&F basis plus a surcharge for unloading at a second port of $1.5 per ton with delivery to South Korea in April 2026.
Read also
Hungary will not oppose transit of Ukrainian grain to Europe — Magyar
Coming Up in UkrAgroConsult Reports: Key Market Signals
Zelenskyy warns of continued Russian attacks on Black Sea ports
Canada’s new wheat crop quality exceeds expectations
Ukrainian farmers may reduce pea planting due to low prices and high logistics costs
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon