Traders said the following offers were submitted to GASC in the tender on Tuesday, October 29, (USD/MT, FOB) for Dec 5-15 shipment:

  • Glencore:
    • 60,000 MT of French wheat at 214.86 $/mt fob;
    • 55,000 MT of Russian wheat at 223.86 $/mt fob;
  • Olam: 55,000 MT of Ukrainian wheat at 217.50 $/mt fob;
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 219.77 $/mt fob;
  • Cargill: 60,000 MT of Romanian wheat at 221.00 $/mt fob;
  • ADM: 55,000 MT of Russian wheat at 221.25 $/mt fob;
  • Solaris: 60,000 MT of Russian wheat at 225.00 $/mt fob;
  • Gemcorp: 55,000 MT of Russian wheat at 226.26 $/mt fob;
  • Grain Export: 60,000 MT of Russian wheat at 226.57 $/mt fob;
  • Posco International: 55,000 MT of Russian wheat at 232.00 $/mt fob.

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

  1.  Glencore: 60,000 MT of French wheat at 214.86+21.90=236.76 $/mt c&f;
  2.  Olam: 55,000 MT of Ukrainian wheat at 217.50+17.10=234.60 $/mt c&f;
  3.  Cargill: 60,000 MT of Romanian wheat at 221.00+14.65=235.65 $/mt c&f;
  4.  Louis Dreyfus: 60,000 MT of Ukrainian wheat at 219.77+16.66=236.43 $/mt c&f;
  5.  ADM: 55,000 MT of Russian wheat at 221.25+16.52=237.77 $/mt c&f;
  6.  Glencore: 55,000 MT of Russian wheat at 223.86+15.74=239.60 $/mt c&f