South Korea’s Nonghyup Feed Inc (NOFI) has bought an estimated 135,000 MT of feed corn for arrival in January, in an international tender on Monday, September 26.

The first cargo of 68,000 MT was bought from trading house GrainCorp at a premium of 172.75 US cents/bushel c&f over the Chicago December 2022 corn contract (about 330 $/mt) plus a 1.50 $/mt surcharge for additional port unloading.

The second consignment of 67,000 MT was purchased from CJ International at a premium of 181.40 US cents/bushel c&f over the Chicago December 2022 corn contract (about 334 $/mt) plus a 1.75 $/mt surcharge for additional port unloading