August 17, 2007

South Korea's Nonghyup Feed buys 55,000 tonnes of corn

South Korea's Nonghyup Feed has bought 55,000 tonnes of corn from Bunge, traders said on Thursday (August 16).

The trading house agreed to provide the corn at a premium of 301 cents over December contract in the Chicago Board of Trade by October 30.

However, Nonghyup passed on a tender for 55,000 tonnes of soymeal due to high prices, traders added.