Traders said the following offers were submitted to GASC in the first round of the tender on Tuesday, October 25, for December 1-10 delivery (USD/MT, FOB):

  • Louis Dreyfus: 60,000 TM of Russian wheat at 182.74 $/mt fob
  • Cargill:
    • 60,000 TM of Romanian wheat at 183.50 $/mt fob
    • 55,000 TM of Russian wheat at 184.90 $/mt fob
    • 55,000 TM of U.S. soft red or hard red wheat at 185 $/mt fob
    • 60,000 TM of Russian wheat at 186.90 $/mt fob
  • Alegrow: 60,000 TM of Russian wheat at 184.92 $/mt fob
  • Aston: 60,000 TM of Russian wheat at 185.75 $/mt fob
  • ADM:
    • 60,000 TM of Romanian wheat at 185.77 $/mt fob
    • 60,000 TM of Russian wheat at 189.50 $/mt fob
  • Ameropa: 60,000 TM of Romanian wheat at 186.23 $/mt fob
  • Olam: 60,000 TM of Russian wheat at 189 $/mt fob

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

  • Louis Dreyfus: 60,000 TM of Russian wheat at 182.74+9.42=192.16 $/mt c&f
  • Cargill: 60,000 TM of Romanian wheat at 183.50+8.67=192.17 $/mt c&f
  • Ameropa: 60,000 TM of Romanian wheat at 186.23+6.25=192.48 $/mt c&f
  • Alegrow: 60,000 TM of Russian wheat at 184.92+9.42=194.34 $/mt c&f
  • Cargill: 55,000 TM of Russian wheat at 184.90+9.78=194.68 $/mt c&f
  • ADM: 60,000 TM of Romanian wheat at 185.77+9.52=195.29 $/mt c&f