Tuesday, October 23, 2012

23 October 2012, Asia bought U.S. wheat

23 October2012, Asia bought U.S. wheat
On Monday, South Korea conducted a tender for wheat purchase. Only on the transaction basis were purchased two grain cargo with total volume 50 thousand tons. Taiwanese flour company TFMA (Taiwan Flour Millers' Association), which is the largest in its field in South Korea, bought wheat from the USA, company was STX Corp.
Grain supplies will be made in January next year, according to traders. In addition, TFMA intend to buy two wheat cargos with volume 140 thousand tons. Wheat must USA made. Delivery is expected in the period from November 27 to December 11 and from December 12 to December 27. Tender will be closed on Tuesday.
wheat purchased cost on Monday was at $ 326-329/ton on FOB terms (soft wheat SWW), $ 364-365/ton on terms FOB (durum wheat HRW), DNS, and wheat was purchased for $ 375-377/ton on FOB terms.

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