Major Feedmill Group, South Korea (MFG), reportedly purchased an additional 67,000 metric tons of animal feed corn in a private deal Friday after purchasing around 204,000 tons on Friday in an international auction. The corn was said to have been purchased from CJ International for a cost and freight of $249.53 per ton plus an additional $1.20 surcharge per ton. This was below the prices paid for the previous international tender.

The corn in the private deal was due to arrive in South Korea on or around May 5.

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)