South Korea Buys 135,000 Tons of Wheat From United States, Australia, Canada

According to a Reuters report, a group of South Korean flour mills bought an estimated 135,000 tons of milling wheat to be sourced from the United States, Australia, and Canada in an international tender on Tuesday, European traders said.

The report said some 50,000 tonnes were bought from the United States for shipment between Aug. 1-Aug. 31, 50,000 tonnes from Australia for shipment between Sept. 16 and Sept. 30, and 35,000 tons from Canada for shipment between Aug. 1-Aug. 31.

The deal involved several different wheat types and was all bought on an FOB basis, they said.

The U.S. purchase involved: Soft white wheat of about 9.5% to 11% protein content bought in the mid $260s a tonne; soft white wheat of 8.5% protein bought in the mid $270s a tonne; hard red winter wheat of 11.5% protein bought in the low $330s tonne; and northern spring/dark northern spring wheat of 14% protein bought in the mid $320s a ton.

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