December 3, 2004

Taiwan MFIG Buys 56,000 MT US Corn From Cargill

Taiwan's Members Feed Industry Group bought 56,000 metric tons of U.S. No. 2 yellow corn from trading house Cargill in a tender concluded Thursday, said a Taipei-based trader who received the tender results.

MFIG bought one cargo of corn, of which 20,955 tons was purchased at $152.41 a ton and 35,045 tons at 185.15 U.S. cents per bushel over the Chicago Board of Trade March contract, the trader said.

Both prices are after cost and freight. The cargo is scheduled to be shipped either between Jan. 26-Feb. 9 from the U.S. Gulf, or between Feb. 10-24 from the Pacific Northwest.