South Korea mill buys 135,100 T wheat from US, Canada, Australia

HAMBURG: A South Korean flour mill bought an estimated 135,100 tonnes of wheat to be sourced from the United States, Canada and Australia in a tender which closed on Friday, European traders said on Tuesday. The purchase involved a series of different wheat types.

Shipment of the US and Canadian wheat was sought between Oct. 1-31, the Australian wheat in December. The purchase of US-origin wheat comprised some 21,710 tonnes of soft white wheat with 11% protein bought at an estimated $346.76 a tonne FOB, 1,360 tonnes of soft white wheat with 9% protein purchased at $438.62 a tonne FOB, 9,885 tonnes of hard red winter wheat with 11.5% protein bought at $344.09 a tonne FOB, and 17,045 tonnes of northern spring wheat with 14% protein purchased at $401.50 a tonne FOB, traders said.

The seller of the U.S wheat was believed to be trading house CHS. Some 35,100 tonnes of Canadian western red spring (CWRS) wheat with 13.5% protein was bought at around $363.00 a tonne FOB.

The seller was believed to be trading house Viterra. About 50,000 tonnes of Australian wheat was purchased, comprising Australian standard white (ASW) at just over $290 a tonne FOB, and Australian hard wheat (AH) at just over $300 a tonne FOB, the traders said.