South Korea's CJ buys 30,000 tonnes wheat from US, traders say (updated)

CJ CheilJedang

11/02/2025 09:53

(Adds purchase breakdown, price estimates)
       HAMBURG, Feb 11 (Reuters) - South Korean flour mill CJ
CheilJedang purchased about 30,000 tonnes of U.S.-origin milling
wheat on Tuesday, European traders said.
    The wheat was sought for shipment in April. A range of
different wheat types was purchased, traders said.
    Trading house CHS was believed to be the seller.
    Traders said the purchase comprised 6,200 tons of soft white
wheat of 9.5% to 11% protein content bought at about $238.6 a
ton free on board (FOB).
        Another 6,650 tons of hard red winter wheat of a minimum
11.5% protein was bought at around $251 a tonne FOB, and 17,150
tons of northern spring wheat of a minimum 14% protein content
was purchased at $274.1 a ton FOB, traders said.
  
        Korean mills last week made separate purchases of 
    85,000 tons
     of wheat from the U.S. and 
    30,000 tons
     from the U.S. and Canada.
  
        Reports reflect assessments from traders and further
estimates of prices and volumes are still possible later.
  

 (Reporting by Michael Hogan, editing by Vijay Kishore)
 ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))