South Korea buyers seek 128,000 MT corn despite price fears.

Two buy tenders for South Korea’s feed corn needs issued, with NOFI and KFAB said to be looking for 68,000 mt and 60,000 mt of corn, respectively, into the port of Busan, according to market sources. Both tenders are said to be for May loading cargoes and June delivery, with the NOFI tender seeing offers around $203.75/mt. No details are available on the KFAB buy tender as yet, but sources anticipate the supply to be sourced from the US Pacific Northwest. NOFI last purchased corn via tender on February 9, paying $199/mt for May delivery.