Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, Mar 24, for April 25-May 5 delivery (USD/MT, FOB):

  • Soufflet: 60,000 MT of French wheat at $179.44
  • Venus: 55,000 MT of Ukraine wheat at $184.16
  • Ameropa: 60,000 MT of Romanian wheat at $185.14
  • ADM:
    • 60,000 MT of Russian wheat at $187.45
    • 60,000 MT of Romanian wheat at $188.45
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at $187.50
  • Union Co.: 60,000 MT of Russian wheat at $189.90

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

  • Soufflet: 60,000 MT of French wheat at 179.44+10.2=189.64 $/mt c&f
  • Ameropa 60,000 MT of Romanian wheat at 185.14+5.75=190.89 $/mt c&f
  • Cerealcom: 60,000 MT of Romanian wheat at 187.50+7.35=194.85 $/mt c&f
  • ADM:
    • 60,000 MT of Russian wheat at 187.45+7.82=195.27 $/mt c&f
    • 60,000 MT of Romanian wheat at 188.45+7.44=195.89 $/mt c&f