European traders reported that a group of South Korean mills purchased an estimated 50,000 tons of milling grain to be sourced in the United States at an international auction on Tuesday.

The tender also included 40,000 tonnes of Canadian what. However, the prices were considered too high.

The U.S. purchase included several different types of wheat and all were purchased on an FOB basis. Shipments will take place between August 16 and September 15.

United Grain Corporation was said to be the source of wheat.

Traders said that the purchase included soft white wheat with a protein content between 9.5% and 11%, bought at a price of mid-$240s per ton FOB; hard red winter wheat with a protein of 11.5%, bought at a price of low $260s per ton FOB; and dark northern spring grain of 14%, bought for an early $280s each ton.

The reports reflect the assessments of traders, and it is still possible to estimate prices and volume later. (Reporting and editing by Shri Navaratnam, Shri Hogan)