Yesterday, the largest feed manufacturer in South Korea, the MFG group has 70,000 tons bought corn of optional origin by means of an invitation to tender.
The tender was twice 50,000 to 70,000 tons. The first delivery is planned for mid-December. The yellow corn costs 190.5 USD/ton c & f plus 1.25 USD/ton for a second port of discharge.
The offer of the second delivery, which should come on December 25th, there was no surcharge. Yesterday corn prices on the CBoT to more than three cents / Bardhan due to historically good reviews of U.S. crops fell.
