July 24, 2007

Nonghyup Feed buys 55,000 tonnes US corn
 

South Korea's Nonghyup Feed Inc. bought 55,000 tonnes of US corn from trading house Marubeni in a tender concluded late Monday (Jul 23), a company official said Tuesday.

The corn will be supplied at 252 US cents a bushel to the Chicago Board of Trade's December contract.

If shipped from the US Gulf, it will arrive between Sep 11 and Sep 30, while it will arrive between Sep 21 and Oct 14 if shipped from the Pacific North-west.