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

  • ADM:
    • 60,000 MT of Russian wheat at 202.35 $/mt fob
    • 60,000 MT of Romanian wheat at 206.35 $/mt fob
  • Louis Dreyfus:
    • 60,000 MT of Ukrainian wheat at 204.00 $/mt fob
    • 60,000 MT of Russian wheat at 205.00 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 204.99 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 205.00 $/mt fob
  • AOS: 60,000 MT of Russian wheat at 205.05 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 205.65 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 206.05 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 206.15 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 206.75 $/mt fob
  • Glencore: 60,000 MT of French wheat at 207.60 $/mt fob
  • Friends: 55,000 MT of Russian wheat at 209.09 $/mt fob
  • Cargill: 60,000 MT of US Hard Red Winter wheat at 213.00 $/mt fob

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

  1. ADM: 60,000 MT of Russian wheat at 202.35+13.91=216.26 $/mt c&f
  2. Cofco: 60,000 MT of Romanian wheat at 204.99+13.39=218.38 $/mt c&f
  3. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 204.00+14.39=218.39 $/mt c&f
  4. GTCS: 60,000 MT of Russian wheat at 205.00+14.38=219.38 $/mt c&f
  5. Louis Dreyfus: 60,000 MT of Russian wheat at 205.00+14.70=219.70 $/mt c&f
  6. AOS: 60,000 MT of Russian wheat at 205.05+14.70=219.75 $/mt c&f
  7. Ameropa: 60,000 MT of Romanian wheat at 206.05+14.10=220.15 $/mt c&f
  8. Daewoo: 60,000 MT of Russian wheat at 205.65+14.70=220.35 $/mt c&f
  9. ADM: 60,000 MT of Romanian wheat at 206.35+14.10=220.45 $/mt c&f
  10. Aston: 60,000 MT of Russian wheat at 206.15+14.76=220.91 $/mt c&f
  11. Alegrow: 60,000 MT of Russian wheat at 206.75+14.85=221.60 $/mt c&f