One week import outlook of Asian wheat: South Korea may buy feed wheat

Introduction: Dow Jones Singapore, June 10 news: Asian traders said Monday that South Korea has been actively purchasing feed corn in the past two months, but this week South Korean Buyers will start to buy feed wheat, which is due to the decline of wheat prices in the United States However, given the increasing incidence of foot-and-mouth disease in South Korea, the food trade will not be very active There have been few reports of South Korea buying feed wheat recently The NACF will hold a tender on Tuesday to buy 65000 tons of feed wheat, which will kick off the purchase of feed wheat in South Korea On Friday, wheat prices in the Chicago futures market fell, in part because China cancelled the purchase of 100000 tons of soft red winter wheat for delivery in 2002 / 03 The CBOT wheat contract fell 5.5 cents to $2.75 a bushel in July, down 15 cents from its peak at the beginning of the week However, traders pointed out that due to the outbreak of more cases of foot-and-mouth disease in South Korea, other feed material purchasing groups in South Korea are expected to postpone their procurement plans this week A trader in Seoul said buyers were still hesitant because more foot-and-mouth disease was found in South Korea Over the weekend, a cow in Central South Korea was found to be FMD positive, the first case since several pigs in South Korea tested positive a month ago The area is not far from the farm where the first foot-and-mouth disease was found Authorities have slaughtered 130 cows in the adjacent area Thousands of pigs have been slaughtered since the outbreak of foot-and-mouth disease on May 2 in the 60 profitable area south of Seoul, South Korea In addition, Thursday will be a national election day in South Korea, which will limit trading activity this week South Korea also attracted the attention of grain marketers Monday when it competed with the United States in the world cup This week, NACF will seek to buy feed wheat from the place of origin, which will be delivered to Incheon and Weishan port in October In addition, it will purchase 62500 tons of Chinese corn, which will arrive in July August or October November According to traders, South Korea's main feed processing plant group may also hold a tender after NACF to purchase 50000 tons of feed wheat and deliver it to the port of Ulsan and Busan In the food market for human consumption, dongah flour processing plant in South Korea and Cheil? Jedang company may jointly hold a bid to buy 21000 tons of wheat In the corn market, mlfg, Taiwan's main alliance feed group, will seek to buy 56000 tons of feed corn produced in the United States, with a shipping schedule from the end of July to August (author:) share to feed Weibo share to: