Traders said the following offers were submitted to GASC in the tender on Thursday, August 15, for September 15-30 delivery (USD/MT, FOB):

  • Louis Dreyfus: 60,000 MT of Ukranian wheat at 199.87 $/mt fob
  • Glencore:
    • 60,000 MT of French wheat at 199.98 $/mt fob
    • 55,000 MT of Russian wheat at 205.25 $/mt fob
  • Hakan:
    • 60,000 MT of Ukranian wheat at 202.30 $/mt fob
    • 60,000 MT of Russian wheat at 203.30 $/mt fob
  • Solaris: 60,000 MT of Russian wheat at 202.48 $/mt fob
  • ADM:
    • 55,000 MT of Russian wheat at 203.00 $/mt fob
    • 55,000 MT of Russian wheat at 204.00 $/mt fob
  • Posco International:
    • 55,000 MT of Russian wheat at 205.40 $/mt fob
    • 55,000 MT of Russian wheat at 206.40 $/mt fob
  • Argo Ast: 60,000 MT of Russian wheat at 205.50 $/mt fob
  • Olam: 60,000 MT of Russian wheat at 206.00 $/mt fob
  • Cofco: 55,000 MT of Russian wheat at 206.43 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 206.47 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 211.00 $/mt fob

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

  1. Solaris: 60,000 MT of Russian wheat at 202.48+14.71=217.19 $/mt c&f
  2. Hakan: 60,000 MT of Russian wheat at 203.30+14.71=218.01 $/mt c&f
  3. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 199.87+18.30=218.17 $/mt c&f
  4. Hakan: 60,000 MT of Ukrainian wheat at 202.30+18.30=220.60 $/mt c&f
  5. ADM: 55,000 MT of Russian wheat at 203.00+18.07=221.07 $/mt c&f
  6. ADM: 55,000 MT of Russian wheat at 204.00+18.07=222.07 $/mt c&f