Tender Update 21.10.2026

🇯🇴 Jordan makes no purchase in 120,000-tonne wheat tender

Jordan’s state grain buyer reportedly made no purchase in an international tender for 120,000 tonnes of milling wheat, which closed on October 20, according to European traders.

📌 Key details:

• Buyer: Jordan’s state grain buyer
• Commodity: milling wheat
• Volume: 120,000 tonnes
• Result: no purchase reported
• Tender closing date: October 20
• Reported participants: CHS and Cargill
• Next tender: expected for 120,000 tonnes
• Expected deadline: October 27

📅 Outlook: Jordan is expected to issue a new tender for 120,000 tonnes of milling wheat in the coming days, with price offers anticipated to close on October 27.

🇹🇼 Taiwan’s MFIG buys 65,000 tonnes of Brazilian corn

Taiwan’s MFIG purchasing group purchased an estimated 65,000 tonnes of animal feed corn, expected to be sourced from Brazil, in an international tender on October 21, according to European traders.

📌 Key details:

• Buyer: MFIG, Taiwan
• Commodity: yellow feed corn
• Volume: approximately 65,000 tonnes
• Origin: expected from Brazil
• Seller: reportedly Cargill
• Purchase price: 214.78 US cents/bushel premium over March 2027 Chicago corn futures, C&F included

📊 Tender comparison:

MFIG cancelled a previous tender for 65,000 tonnes on October 14 without making a purchase, hoping for lower prices as U.S. corn futures declined amid accelerating harvest activity.

• October 14: lowest reported offer of 224 US cents/bushel over March 2027 Chicago corn futures, C&F, for U.S.-origin corn
• October 21: purchase at 214.78 US cents/bushel over the same futures contract, C&F, for expected Brazilian corn

The new premium was 9.22 cents/bushel lower, although the offers involved different origins.

🌽 Competition in the latest tender:

• U.S. corn: 4 trading companies offered 65,000 tonnes each
• Brazilian corn: 7 companies offered 58,000–65,000 tonnes each
• Lowest U.S. offer: 224.90 US cents/bushel premium, C&F, reportedly from CHS
• Argentina and South Africa: no offers immediately reported

🚢 Requested shipment periods:

• U.S. Gulf, Brazil or Argentina: December 13, 2026 – January 1, 2027
• U.S. Pacific Northwest or South Africa: December 28, 2026 – January 16, 2027

The purchase follows a period of weaker Chicago corn futures, with Taiwan returning to the market after cancelling its earlier tender.

🇰🇷 South Korea’s MFG buys up to 60,000 tonnes of soymeal

South Korea’s Major Feedmill Group (MFG) purchased up to 60,000 tonnes of soymeal in an international tender on October 20, according to European traders.

📌 Key details:

• Buyer: Major Feedmill Group, South Korea
• Commodity: soymeal
• Volume: up to 60,000 tonnes
• Seller: reportedly Olam
• Price: $471.95/tonne C&F
• Price includes: surcharge for additional port unloading
• Origin: optional, with volume depending on the selected source

🚢 Volume by origin:

• United States or most South American origins: 50,000–60,000 tonnes
• Argentina: 42,000 tonnes
• China: 40,000 tonnes

📅 Shipment and declaration:

• South American shipment period: December 1–31, 2026
• Volume declaration: at least 15 days before shipment

The final quantity will depend on the selected origin, with a maximum of 60,000 tonnes available from the United States or most South American suppliers.