Traders said the following offers were submitted to GASC in the tender on Tuesday, August 27, for October 1-10 delivery (USD/MT, FOB):

  • Glencore:
    • 60,000 MT of French wheat at 193.86 $/mt fob
    • 55,000 MT of Russian wheat at 200.86 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 199.07 $/mt fob
  • Posco International:
    • 60,000 MT of Russian wheat at 199.70 $/mt fob
    • 55,000 MT of Russian wheat at 199.90 $/mt fob
    • 55,000 MT of Russian wheat at 199.90 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 199.99 $/mt fob
  • Solaris:
    • 60,000 MT of Russian wheat at 201.90 $/mt fob
    • 60,000 MT of Russian wheat at 203.50 $/mt fob
  • Grain Export: 60,000 MT of Russian wheat at 202.30 $/mt fob
  • ADM: 55,000 MT of Russian wheat at 202.50 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 204.00 $/mt fob
  • Agro Ast: 60,000 MT of Russian wheat at 205.00 $/mt fob

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

  1. Posco International: 60,000 MT of Russian wheat at 199.70+16.85=216.55 $/mt c&f
  2. Posco International: 55,000 MT of Russian wheat at 199.90+17.21=217.11 $/mt c&f
  3. Posco International: 55,000 MT of Russian wheat at 199.90+17.22=217.12 $/mt c&f
  4. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 199.07+18.30=217.37 $/mt c&f
  5. Glencore: 60,000 MT of French wheat at 193.86+23.70=217.56 $/mt c&f