Export Summary-USDA reports soy sales to China, corn to Mexico, soyoil to India
Nov 1 (Reuters) -Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Friday:
SOYBEAN SALES: The U.S. Department of Agriculture (USDA) confirmed private sales of 132,000 metric tons of U.S. soybeans to China and 198,000 tons to unknown destinations for shipment in the 2024/25 marketing year.
CORN SALES: The USDA confirmed private sales of 781,332 metric tons of U.S. corn to Mexico, including 715,800 tons for shipment in the 2024/25 marketing year and 65,532 tons for 2025/26.
SOYOIL SALE: The USDA confirmed private sales of 80,000 metric tons of U.S. soybean oil to India for shipment in the 2024/25 marketing year.
SOYMEAL SALE: South Korea’s Major Feedmill Group (MFG) on Thursday purchased an estimated 60,000 metric tons of soymeal expected to be sourced from South America, the United States or China, European traders said on Friday.
DURUM SALE: Tunisia's state grains agency is believed to have purchased about 75,000 metric tons of durum wheat in an international tender on Friday, European traders said.
RICE TENDER UPDATE: The lowest price offered in the international tender from Indonesian state purchasing agency Bulog to buy about 500,000 metric tons of rice was estimated at $479 a ton cost and freight for rice expected to be sourced from Pakistan, European traders said. No purchase has yet been reported and price negotiations are expected to continue in coming days, traders said. A decision is expected next week.
WHEAT PURCHASE: Algeria’s state grains agency OAIC is believed to have purchased about 600,000 metric tons of milling wheat in an international tender that closed on Thursday, European traders said on Friday. This was at the higher end of trader estimates that had ranged from 480,000 to 600,000 tons.
CORN PURCHASE: The Korea Feed Association (KFA) Busan section in South Korea purchased an estimated 70,000 metric tons of animal feed corn expected to be sourced from South America or South Africa in a private deal on Thursday without issuing an international tender, European traders said on Friday.
PENDING TENDERS:
RICE TENDER: Bangladesh's state grains buyer issued an international tender to purchase 50,000 metric tons of rice, traders said. The deadline for submission of price offers is Nov. 4.
RICE TENDER: The state purchasing agency in Mauritius issued an international tender to buy 4,000 metric tons of long grain white rice sourced from optional origins, European traders said. The deadline for submission of price offers is Nov. 5.
WHEAT TENDER: Jordan's state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat, which can be sourced from optional origins, European traders said. The deadline for submission of price offers is Nov. 5.
FEED BARLEY TENDER: Jordan's state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is Nov. 6.
RICE TENDER: South Korea's state-backed Agro-Fisheries & Food Trade Corp issued an international tender to purchase an estimated 101,000 metric tons of rice, European traders said. The deadline for submissions of price offers is Nov. 7.
WHEAT TENDER: Bangladesh's state grains buyer issued another international tender to purchase 50,000 metric tons of milling wheat, European traders said. The deadline for submission of price offers is Nov. 7.
(Compiled by Karl Plume in Chicago)
For top agriculture stories, see: TOP/GRO
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