Tender Update 17.09.2026

🇰🇷 South Korea’s MFG buys about 134,000 tonnes of feed corn

South Korea’s Major Feedmill Group (MFG) purchased an estimated 134,000 tonnes of animal feed corn from optional origins in an international tender, according to European traders.

📌 Key details:

• Buyer: Major Feedmill Group, South Korea
• Commodity: animal feed corn
• Total volume: about 134,000 tonnes
• Origin: optional origins
• Number of consignments: 2
• Arrival: early and mid-January 2027

🚢 First consignment: up to 68,000 tonnes

• Seller: reportedly Cargill
• Price: $292.99/tonne C&F
• Additional surcharge: $1.50/tonne for extra port unloading
• Arrival: around January 5
• Chicago-linked volume: 8,020 tonnes
• Premium: 194.73 US cents/bushel C&F over the March 2027 Chicago corn contract

📅 Shipment periods:

• U.S. Pacific Northwest: November 27 – December 16
• U.S. Gulf: November 7 – 26
• South America: November 2 – 21
• South Africa: November 17 – December 6

If sourced from South Africa, only 50,000 tonnes need to be supplied.

🚢 Second consignment: up to 66,000 tonnes

• Seller: reportedly ADM
• Price: $293.73/tonne C&F
• Additional surcharge: $1.25/tonne for extra port unloading
• Arrival: around January 15
• Chicago-linked volume: 7,500 tonnes
• Premium: 198.37 US cents/bushel C&F over the March 2027 Chicago corn contract

📅 Shipment periods:

• U.S. Pacific Northwest: December 7 – 26
• U.S. Gulf: November 17 – December 6
• South America: November 12 – December 1
• South Africa: November 27 – December 16

If sourced from South Africa, only 55,000 tonnes need to be supplied.

The final tonnage may vary depending on the selected origin.