GASC is seeking offers for delayed payment with 180-day letters of credit or immediate payment and that it would assess both possibilities.
* Cargill also offered 30,000 tonnes of soyoil at $1,080 a tonne with payment in 180 days.
The USDA only minimally trimmed its US end-of-season stocks outlook and raised its export forecast by less than many traders had anticipated following record-large sales to China.
The Russian government on Monday approved a formula-based export tax system for wheat, corn and barley that is designed to help combat domestic food price inflation.
A hammer forming on Tuesday, signaling the completion of the drop triggered by the resistance at 3,290 ringgit. The contract is poised to break this resistance and rise towards 3,431 ringgit.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange slid 42 ringgit, or 1.25%, to 3,308 ringgit ($817.60) during early trade.
On the daily chart, the drop triggered by the key resistance at 3,856 ringgit looks so decent that it suggests a completion the wave C from 2,691 ringgit.
Argentine soybean and corn fields have benefited from recent rain, with more showers expected that could slowly improve crop yields after they were threatened by dry weather earlier in the season, local climate experts said on Thursday.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 20 ringgit, or 0.5%, to 3,810 ringgit ($942.60) a tonne in early trade.
Strength in corn supportive to wheat futures but profit-taking noted as most-active contract hit fresh six-year peak during the overnight trading session.
Corn futures expected to rally for the 15th day in a row as most-active contract hit highest in 6-1/2 years overnight
The market is waiting for Dec. 1 to 31 palm oil production and export data, as well as Malaysian Palm Oil Board December supply and demand data where end-stocks are expected to fall to 1.4 million tonnes, Bagani said.