The Korea Feed Association (KFA) Busan purchased some 60,000 MT of South American or South African feed corn in a private deal on Friday, September 30.

It was purchased from trading house Bunge at a premium of 179.64 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 for November shipment