According to European traders, the Korea Feed Association in South Korea purchased around 68,000 metric tonnes?of animal feeding corn?in a private deal on Friday.

KFA Incheon bought the corn at a cost of $249.94 per ton, including freight.

Arrival of corn in South Korea is expected to be around April 30. The seller was reported to be Bunge, a trading house.

If you are sourcing from the U.S. If sourced from the U.S. Gulf, then shipment should be between March 2 and March 21, if from South America, between February 25 and March 16, or from South Africa from March 12 to March 31.

Only 65,000 tons are required if the product is sourced from South Africa or from the U.S.

The reports reflect the assessments of?traders, and future estimates of volumes and prices are still possible. Incheon's KFA section is also known as the Feed Buyers' Group. Michael Hogan, Hamburg (reporting) and Editing by

(source: Reuters)