Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought a total 120,000 metric tons of U.S. and Argentine wheat, for shipment May 11-20.

GASC bought 60,000 tons of U.S. wheat for $262.84 a metric ton from Toepfer, according to a GASC official. The authority also bought 60,000 tons of Argentine wheat from Cargill Inc. for $259.35/ton.

The following bids were made on Wednesday afternoon:

Nidera:

55,000 tons of Ukrainian wheat at $277.26/ton freight on board and 60,000 tons of Russian wheat $280.00/ton.

Glencore International PLC (GLNCY):

60,000 tons of Argentine wheat at $263.90/ton from two load ports. And 60,000 tons of French wheat at $300.00/ton from two load ports.

Venus:

60,000 tons of soft red winter wheat at $265.44/ton U.S. Gulf.

Bunge Ltd. (BG):

60,000 tons of Argentine wheat at $264.00/ton U.S. Gulf.

Dreyfus:

60,000 tons of soft red winter wheat at $264.75/ton Mississippi River.

Toepfer:

60,000 tons of soft red winter wheat at $262.84/ton U.S. Gulf. And 55,000 tons of Argentine wheat at $259.75/ton from two load ports.

Cargill Inc.:

60,000 tons of soft red winter wheat at $265.45/ton Mississippi River and 60,000 tons of Argentine wheat at $259.45/ton from two load ports.

-By Matt Bradley, Dow Jones Newswires; +20 12 8875 0572; matt.bradley@dowjones.com

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