European traders reported on Friday that South Korean flour mills are believed to have purchased 92,300 tons of milling wheat from the United States, in an international auction held on Thursday. This is a significant increase over previous estimates, which were 50,000 tons.

The traders?reported on Friday that a second consignment of 42,300 tons?of?U.S. The first 50,000 tonnes of wheat were not the only ones purchased.

The wheat was purchased on a FOB basis. All 92,300 tonnes?were believed to have come from the trading house Bunge.

The reports?reflect the assessments of traders, and future estimates?of volumes and prices are possible. Michael Hogan, reporting from Hamburg and editing by

(source: Reuters)