Saudi Arabia’s state grains agency SAGO returned to the wheat market, as it sought to take advantage of a fall in futures prices by tendering for optional-origin milling wheat. The tender, for April-June shipment, comes after the first fall in futures prices, after a rally extending to five consecutive days in which wheat prices gained 11% in the process to reach a five-month high on fears that cold weather in North America has damaged the US wheat crop. SAGO is tendering for 715,000 mt in 12 cargoes – seven to Jeddah, four to Dammam, and one to Jizan for April-June delivery, with bidding set to close on 02 Feb evening.