March 23, 2012

Taiwan Sugar purchases US corn, soy in tender

According to European traders, the Taiwan Sugar Corp. has bought 23,000 tonnes of US corn and 12,000 tonnes of US soy in a tender for the same volume, which closed Thursday (Mar 22).

The corn was bought at US$337.09 a tonne c&f. The soy was purchased at US$2.08 c&f over the Chicago July soy contract.

Seller was said to be ADM.

The tender had sought shipment between April 22-May 6 from the US Gulf Coast, or May 7-21 from the US Pacific Northwest.