Egypt GASC Buys 120,000 Tons US, Canadian Wheat; Delivery May 1-10
March 15 2012 - 12:26PM
Dow Jones News
Egypt's state-owned wheat buyer, the General Authority for
Supply Commodities, said Thursday it bought 120,000 metric tons of
Canadian and U.S. wheat for shipment May 1-10.
GASC bought 60,000 metric tons of Canadian soft red winter wheat
for $263.50 a metric ton from Louis Dreyfus and Co., according to a
GASC official. The authority also bought 60,000 tons of U.S. soft
red winter wheat from Venus for $261.50/ton.
The following bids were made March 10:
Dreyfus:
60,000 tons soft red winter wheat at $264.94/ton freight on
board from St. Lawrence; 60,000 tons soft red winter wheat at
$264.88/ton from load port freight on board from Mississippi
River.
Toepfer:
60,000 tons soft red wheat at $265.43/ton from U.S. Gulf.
Glencore International PLC (GLEN.LN):
60,000 tons French wheat at $289.90/ton from one or two load
ports and 60,000 tons Argentine wheat at $263.90/ton from one or
two load ports.
Cargill Inc.:
60,000 tons soft red wheat at $265.77/tons freight on board
Mississippi River and 60,000 tons Argentine wheat at $264.45/ton
from two load ports.
Bunge Ltd. (BG):
60,000 tons soft red wheat at $267.75/ton from U.S. Gulf.
Venus:
55,000 tons Ukrainian wheat at $275.00/ton for $13.50 freight
and 60,000 tons soft red wheat at $261.50/ton freight on board
USG.
-By Matt Bradley, Dow Jones Newswires, +20188750572
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