Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, Oct 15, (USD/MT, FOB):

  • Aston: 60 TMT of Russian wheat at $201.98
  • Glencore: 60 TMT of Romanian wheat at $203.65
  • Vitol: 60 TMT of Russian wheat at $203.75
  • Olam: 60 TMT of Russian wheat at $204
  • Cargill:
    • 60 TMT of French wheat at $204.5
    • 60 TMT of Russian at $209.5
  • Soufflet: 60 TMT of French wheat at $204.74
  • Louis Dreyfus: 60 TMT of Russian wheat at $204.74
  • Lecureur: 60 TMT of French wheat at $204.98
  • Bunge: 60 TMT of French wheat at $205.3
  • Invivo: 60 TMT of French wheat at $205.55
  • Union Co.: 60 TMT of Russian wheat at $205.65
  • ADM:
    • 60 TMT of Russian wheat at $210.69
    • 60 TMT of French what at $214.69

Best offers on C&F basis was as follows (USD/MT, C&F):

  • Aston: 60 TMT of Russian wheat at $211.08
  • Olam: 60 TMT of Russian wheat at $212.62
  • Glencore: 60 TMT of Romanian wheat at $212.73
  • Vitol: 60 TMT of Russian wheat at $212.85
  • Union Co.: 60 TMT of Russian wheat at $213
  • Cargill: 60 TMT of French wheat at $216.49
  • Soufflet: 60 TMT of French wheat at $216.73

Freight (ocean shipping) offers (USD/MT):

Romania

  • National Navigation: $9.08
  • United Marine: $8.62

France

  • United Marine: $11.99
  • Venus: $12.77

Russia

  • National Navigation: $9.10
  • United Marine: $8.62
  • Union: $7.35