A group of Israeli private buyers bought corn, feed wheat and barley, all to be sourced from optional origins, in a tender that closed on Wednesday, European traders said on Thursday. Tonnage bought was unclear. The tender had sought up to 85,000 tonnes of corn, 40,000 tonnes of feed wheat and 25,000 tonnes of feed barley for arrival in Israel between April 17 and May 17.
The first consignment of corn was purchased at $179.71 a tonne c&f and the second consignment was at a premium of 84 US cents c&f over the Chicago May corn contract. Two consignments of feed wheat were both purchased at $180.50 a tonne c&f.
The first consignment of feed barley was bought at $178.00 a tonne c&f and the second at $179.50 a tonne c&f. If based on supplies from the Black Sea region, the first 35,000 tonne consignment of corn was sought for shipment for March 25 to April 15 and the second of 50,000 tonnes for April 20 to May 10, the traders said.
If based on South American supplies, the corn would be shipped 20 days earlier and from the United States shipment would be 15 days earlier. If based on European Union or Black Sea supplies, the first 20,000 tonne consignment of wheat was sought for shipment for April 5-25 and the second consignment of 20,000 tonnes for April 25 to May 15. Shipment periods from other origins can be adjusted, traders said.
Barley cargoes of 15,000 tonnes and 10,000 tonnes were sought for the same shipment period as the wheat. In the last reported purchase by an Israeli consortium on December 9, optional-origin corn and feed barley were bought.
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