Traders said the following offers were submitted to GASC in the tender on Tuesday, September 18, (USD/MT, FOB):

for November 1-10 delivery:

  • GTCS:
    • 60,000 MT of Russian wheat at 226.00 $/mt fob
    • 60,000 MT of Russian wheat at 227.50 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 229.00 $/mt fob
  • Glencore:
    • 55,000 MT of Russian wheat at 231.81 $/mt fob
    • 55,000 MT of Russian wheat at 234.81$/mt fob
  • Cargill: 55,000 MT of Russian wheat at 234.00 $/mt fob

for November 11-20 delivery:

  • Garant Logistics:
    • 60,000 MT of Russian wheat at 225.95 $/mt fob
    • 60,000 MT of Russian wheat at 230.95 $/mt fob
  • Daewoo:
    • 60,000 MT of Russian wheat at 228.15 $/mt fob
    • 55,000 MT of Russian wheat at 228.60 $/mt fob
  • ADM: 60,000 MT of Russian wheat at 228.90 $/mt fob
  • Ameropa: 55,000 MT of Russian wheat at 229.52 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 229.70 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 230.00 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 231.50 $/mt fob
    • 60,000 MT of Russian wheat at 233.50 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 233.81 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 238.49 $/mt fob

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

for November 1-10 delivery:

  1. GTCS: 60,000 MT of Russian wheat at 226.00+17.10=243.10 $/mt c&f
  2. GTCS: 60,000 MT of Russian wheat at 227.50+17.10=244.60 $/mt c&f
  3. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 229.00+16.87=245.87 $/mt c&f
  4. Glencore: 55,000 MT of Russian wheat at 231.81+17.50=249.31 $/mt c&f

for November 11-20 delivery:

  1. Garant Logistics: 60,000 MT of Russian wheat at 225.95+17.10=243.05 $/mt c&f
  2. Daewoo: 60,000 MT of Russian wheat at 228.15+17.10=245.25 $/mt c&f
  3. ADM: 60,000 MT of Russian wheat at 228.90+16.35=245.25 $/mt c&f
  4. Aston: 60,000 MT of Russian wheat 229.70+16.35=246.05 $/mt c&f
  5. Daewoo: 55,000 MT of Russian wheat at 228.60+17.99=246.59 $/mt c&f
  6. Ameropa: 55,000 MT of Russian wheat 229.52+17.12=246.64 $/mt c&f