South Korea’s MFG starts buying corn in tender, traders say
- The tender seeks up to 210,000 tons for February 2026 arrival and negotiations about more purchases continue
HAMBURG: South Korea’s Major Feedmill Group (MFG) has started buying animal feed corn in an international tender on Wednesday with an initial 130,000 to 135,000 metric tons initially bought, European traders said.
The tender seeks up to 210,000 tons for February 2026 arrival and negotiations about more purchases continue.
One consignment of 65,000 to 70,000 tons was purchased in the combination of an estimated outright price of $252.34 a ton a ton cost and freight (c&f) plus an extra surcharge of $1.50 a ton for additional port unloading.
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Seller was believed to be trading house CHS.
A second consignment of about 65,000 tons was purchased in the combination of an estimated outright price of $255.12 a ton a ton c&f and also at a premium of 200.06 US cents a bushel c&f over the Chicago March 2026 corn contract.
Seller was believed to be trading house Bunge. Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.
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