Taiwan’s MFIG tenders for July corn panamax, closing Wednesday

Taiwan’s MFIG has issued a buy tender for a cargo of between 40,000 and 65,000 mt of optional origin feed corn for late July arrival.

The tender will close Wednesday at 1400 local time, with offers expressed as a basis value over the CBOT September 2018 corn futures contract.

Shipment for US Gulf, Brazil or Argentina loading cargoes will be May 27-June 15, with Pacific Northwest or South Africa loaders shipping between June 6-30, with the seller declaring origin by April 27.

The last tender from MFIG was met with a cargo from South Africa, according to market sources.