Tender Update 30.10.2026

🇰🇷 South Korean milling group buys 50,000 tonnes of U.S. wheat

A South Korean flour milling group purchased an estimated 50,000 tonnes of U.S.-origin milling wheat in an international tender this week, according to European traders.

📌 Key details:

• Buyer: South Korean flour milling group
• Commodity: milling wheat
• Total volume: 50,000 tonnes
• Origin: United States
• Seller: reportedly United Grain Corporation
• Pricing basis: FOB (free on board)
• Shipment period: March 1–31, 2027

🌾 Wheat types and purchase prices:

• Soft White Wheat (SW): 27,340 tonnes, 9.5–11% protein, at $248.91/tonne FOB
• Hard Red Winter Wheat (HRW): 8,340 tonnes, minimum 11.5% protein, at $282.64/tonne FOB
• Dark Northern Spring Wheat (DNS): 14,320 tonnes, minimum 14% protein, at $298.42/tonne FOB

🚢 The purchase covers three wheat classes with different protein specifications, all sourced from the United States for shipment during March 2027.

🇰🇷 South Korea's NOFI buys 136,000 tonnes of feed corn

South Korea's leading animal feed producer Nonghyup Feed Inc (NOFI) purchased an estimated 136,000 tonnes of animal feed corn in an international tender that closed on October 29, according to European traders.

The purchase was made by NH Feed, a NOFI unit, in two consignments of 68,000 tonnes each.

📌 Key details:

• Buyer: Nonghyup Feed Inc (NOFI), through NH Feed
• Commodity: animal feed corn
• Total volume: 136,000 tonnes
• Consignments: 2 × 68,000 tonnes
• Sellers: reportedly Mitsui and ZEN-NOH
• Arrival period: February–March 2027

🚢 First consignment: Mitsui

• Volume: 68,000 tonnes
• Price: $264.43/tonne C&F
• Additional surcharge: $1.50/tonne for extra port unloading
• Arrival: February 25, 2027

🚢 Second consignment: ZEN-NOH

• Volume: 68,000 tonnes
• Arrival: March 5, 2027
• 48,000 tonnes: $266.49/tonne C&F
• Additional surcharge: $1.50/tonne for extra port unloading
• Remaining 20,000 tonnes: priced at a premium of 212 U.S. cents over the Chicago March 2027 corn futures contract, on a C&F basis

📊 The tender combines fixed-price purchases and futures-linked pricing, securing corn supplies for South Korea's feed industry in February and March 2027.

Source: Reuters, October 30, 2026. Prices and volumes are based on traders' assessments and may be revised.