South Korea buys 31,600 tonnes of milling wheat

HAMBURG: South Korea's SPC group purchased an estimated 31,600 tonnes of milling wheat to be sourced from the United States and Canada in a tender on Wednesday, European traders said. The purchase involved a series of different wheat grades for shipment in February 2021, they said.

The purchase from the United States comprised 8,900 tonnes of US northern spring/dark northern spring of a minimum 14% protein content bought at an estimated $309.00 a tonne, 4,700 tonnes of hard red winter wheat of 12% protein bought at $315.50 a tonne, 6,500 tonnes of soft white wheat of a maximum 10.5% protein bought at $291.50 a tonne and 1,000 tonnes of soft white wheat of a maximum 9% protein at $291.50 a tonne.

Another 10,500 tonnes of Canadian western red spring wheat number 2 grade (2CWRS) of 13.5% protein was bought at $311.00 a tonne c&f, traders said.