Traders said the following offers were submitted to GASC in the tender on Wednesday, January 9, (USD/MT, FOB):

for February 20-28 delivery:

  • Cargill: 60,000 MT of US soft red wheat at 239.00 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 248.00 $/mt fob
    • 60,000 MT of Russian wheat at 249.00 $/mt fob
  • Cofco: 55,000 MT of Russian wheat at 249.95 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 250.94 $/mt fob
  • Soufflet: 60,000 MT of French wheat at 251.93 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 251.99 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 255.50 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 258.00 $/mt fob

for March 1-10 delivery:

  • Ameropa:
    • 55,000 MT of US hard red wheat at 249.00 $/mt fob
    • 60,000 MT of Romanian wheat at 259.55 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 250.00 $/mt fob
    • 60,000 MT of Russian wheat at 252.00 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 251.95 $/mt fob
  • Soufflet: 60,000 MT of French wheat at 252.43 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 252.99 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 253.47 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 253.75 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 255.55 $/mt fob
  • Cargill: 60,000 MT of Romanian wheat at 256.00 $/mt fob
  • Agro Ast: 60,000 MT of Russian wheat at 257.00 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 258.79 $/mt fob
    • 60,000 MT of Russian wheat at 259.00 $/mt fob
  • Cearealcom: 60,000 MT of Romanian wheat at 259.00 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 262.00 $/mt fob

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

for February 20-28 delivery:

  1. GTCS: 60,000 MT of Russian wheat at 248.00+15.50=263.50 $/mt c&f
  2. GTCS: 60,000 MT of Russian wheat at 249.00+15.50=264.50 $/mt c&f
  3. Cofco: 55,000 MT of Russian wheat at 249.95+16.25=266.20 $/mt c&f
  4. Aston: 60,000 MT of Russian wheat at 250.94+15.5=266.44 $/mt c&f
  5. Daewoo: 60,000 MT of Russian wheat at 251.99+13.75=265.74 $/mt c&f
  6. Cargill: 60,000 MT of US soft red wheat at 239.00+28.75=267.75 $/mt c&f

for March 1-10 delivery:

  1. GTCS: 60,000 MT of Russian wheat at 250.00+15.5=265.50 $/mt c&f
  2. Garant Logistics: 60,000 MT of Russian wheat at 251.95+15.50=267.45 $/mt c&f
  3. GTCS: 60,000 MT of Russian wheat at 252.00+15.50=267.50 $/mt c&f
  4. Cofco: 60,000 MT of Romanian wheat at 252.99+14.32=267.31 $/mt c&f
  5. Aston: 60,000 MT of Russian wheat at 253.47+13.75=267.22 $/mt c&f
  6. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 253.75+14.60=268.35 $/mt c&f