NOFI sought yellow corn equivalent to US number 3 grade or better in one consignment of between 45,000 to 69,000 tonnes with the seller free to decide the volume to be offered inside this range.
The corn can be sourced from optional origins and was purchased at an estimated $239.90 a tonne c&f plus a $1.25 a tonne surcharge for additional port unloading.
The corn was bought in three consignments for 2021 arrival, with all prices having an additional $1.25 a tonne surcharge for port unloading, they said.
A hot, dry summer in some major grain growing areas in the bloc lead several forecasters to severely reduce their estimates for crops such as maize (corn).
The EU executive left unchanged its forecast for EU-27 exports of common wheat, or soft wheat.
Wheat heading lower as part of broad markets sell-off related to rising COVID-19 cases in Europe and the United States. Forecasts for rain in US Plains add pressure.
CBOT December corn was last 10-1/2 cents lower at $4.05-1/2 per bushel.
Wheat heads higher on technical buying and poor weather in Russia, Argentina and other wheat-producing countries that could tighten global exportable supplies.
Corn seen firm on technical buying and expectations of export demand from China. Fresh export sales may lend support.