Traders said the following offers were submitted to GASC in the tender on Tuesday, November 5, (USD/MT, FOB) for Dec 15-25 shipment:

  • Glencore:
    • 60,000 MT of French wheat at 214.86 $/mt fob;
    • 55,000 MT of Russian wheat at 222.86 $/mt fob;
    • 55,000 MT of Russian wheat at 226.86 $/mt fob;
  • Hakan: 60,000 MT of Ukrainian wheat at 216.45 $/mt fob;
  • ADM: 55,000 MT of Russian wheat at 218.25 $/mt fob;
  • Gemcorp: 55,000 MT of Russian wheat at 219.98 $/mt fob;
  • Cargill: 55,000 MT of Russian wheat at 222.00 $/mt fob;
  • Grain Export:
    • 60,000 MT of Russian wheat at 222.68 $/mt fob;
    • 60,000 MT of Russian wheat at 223.53 $/mt fob;
  • CHS: 60,000 MT of Romanian wheat at 222.77 $/mt fob;
  • Solaris:
    • 60,000 MT of Russian wheat at 223.10 $/mt fob;
    • 60,000 MT of Russian wheat at 225.00 $/mt fob;
  • Posco International: 60,000 MT of Russian wheat at 223.40 $/mt fob;
  • Agro AST: 60,000 MT of Russian wheat at 223.95 $/mt fob;
  • GTCS: 55,000 MT of Russian wheat at 224.00 $/mt fob;
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 224.77 $/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+18.44=233.30 $/mt c&f;
  2. ADM: 55,000 MT of Russian wheat at 218.25+16.60=234.85 $/mt c&f;
  3. Gemcorp: 55,000 MT of Russian wheat at 219.98+16.60=236.58 $/mt c&f;
  4. Hakan: 60,000 MT of Ukrainian wheat at 216.45+18.89=235.34 $/mt c&f;
  5. CHS: 60,000 MT of Romanian wheat at 222.77+14.75=237.52 $/mt c&f