28 SEPOPENPAKISTAN · TCP · WHEAT · 185K TTO KARACHI / GWADAR · ORIGIN OPTIONAL, LATEST CROP · WINDOWS SET AT AWARD · 60K T LOTSTURKISH STRAITS · SUEZ · BAB EL-MANDEB FROM THE BLACK SEA · IMPLIED FREIGHT $113.5/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)NEAREST PRINT WHEAT · CONSTANTA → JEDDAH $45.5/T, 25 SEP → FOB + FREIGHT $271.4, THE C&F $68.0/T OVER IT · KARACHI LIES BEYOND BAB EL-MANDEB, SO THE JEDDAH PRINT IS A FLOOR · THAT PRINT IS A CONSTANTA LOAD; A NOVOROSSIYSK LOAD PRINTS $87/T MORE TO ALEXANDRIA THIS WEEK, SO READ THE GAP AS A CEILING · TENDERED 21 SEP, 60K T LOTS · BIDS OPENED 28 SEP 1200: 13 RECEIVED, 12 RESPONSIVE · BUNGE LOWEST AT $339.36 CFR KARACHI, $340.36 CFR GWADAR · OLAM $341.88, AMEROPA $343.47, AGROCORP $343.74, CHS $345.00, MERA $346.19, LDC $346.50, FALCONBRIDGE $347.49, AL GHURAIR $349.00, SAIF $350.53, SOUFFLET $354.82, ASTON $354.83 · MERCURY OUT, SHORT OF EXPORT EXPERIENCE · GRIEVANCES TO 1800 ON 29 SEP · AWARD PENDING, TCP MAY REJECT · THE NATION 21 SEP · TCP EVALUATION REPORT 28 SEP, TCP.GOV.PK$339.36LOWEST BID · CFR KARACHI
22 SEPAWARDEDJORDAN · MIT · HARD MILLING WHEAT · 60K TTO AQABA · ORIGIN OPTIONAL · SOLD BY BUILDCOM, A BULGARIAN TRADER · SHIP 01 NOV–15 NOV · 60K T LOTSTURKISH STRAITS · SUEZ FROM THE BLACK SEA · IMPLIED FREIGHT $106.1/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)NEAREST PRINT WHEAT · CONSTANTA → JEDDAH $45.5/T, 25 SEP → FOB + FREIGHT $271.4, THE C&F $60.6/T OVER IT · AQABA SITS AT THE HEAD OF THE RED SEA, SHORT OF JEDDAH · THAT PRINT IS A CONSTANTA LOAD; A NOVOROSSIYSK LOAD PRINTS $87/T MORE TO ALEXANDRIA THIS WEEK, SO READ THE GAP AS A CEILING · OTHER OFFERS $335.88 TO $342.93 · UKRAGROCONSULT 22 SEP$332C&F
16 SEPAWARDEDPAKISTAN · TCP · WHEAT · 365K TTO KARACHI / GWADAR · ORIGIN OPTIONAL, LATEST CROP · AGROCORP LOWEST, OLAM HIGHEST · SHIP 11 OCT–31 OCT · ARRIVE 20 NOV · 55K T LOTSTURKISH STRAITS · SUEZ · BAB EL-MANDEB FROM THE BLACK SEA · IMPLIED FREIGHT $122.9/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)NEAREST PRINT WHEAT · CONSTANTA → JEDDAH $45.5/T, 25 SEP → FOB + FREIGHT $271.4, THE C&F $77.4/T OVER IT · KARACHI LIES BEYOND BAB EL-MANDEB, SO THE JEDDAH PRINT IS A FLOOR · THAT PRINT IS A CONSTANTA LOAD; A NOVOROSSIYSK LOAD PRINTS $87/T MORE TO ALEXANDRIA THIS WEEK, SO READ THE GAP AS A CEILING · 750K T SOUGHT · 656K T OF RESPONSIVE BIDS AT $348.83 TO $369.95 · 365K T REPORTED BOUGHT AT THE LOWEST · BUSINESS RECORDER 21 SEP · TFM 21 SEP$348.83CFR KARACHI
15 SEPAWARDEDALGERIA · OAIC · MILLING WHEAT · 500–510K TTO ALGERIAN PORTS · ORIGIN OPTIONAL · SHIP 01 NOV–15 NOV · SHIP 16 NOV–30 NOV · LOT NOT STATEDTURKISH STRAITS FROM THE BLACK SEA · IMPLIED FREIGHT $93.1/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)$30 OVER ITS 5 AUG TENDER · UKRAGROCONSULT 16 SEP$319–321C&F
8 SEPNO AWARDSAUDI ARABIA · GFSA · HARD WHEAT · 535K TTO JEDDAH 240K · YANBU 240K · JAZAN 55K · ORIGIN OPTIONAL · RED SEA PORTS ONLY, HORMUZ AVOIDED · ARRIVE 01 NOV–15 DEC · 60K T LOTSTURKISH STRAITS · SUEZ FROM THE BLACK SEANOTHING BOUGHT, OFFERS TOO HIGH · $10/T PREMIUM IF SHIPS WERE REDIRECTED TO DAMMAM · REUTERS VIA ZAWYA 4 SEP · AG BULL 8 SEP
1 SEPNOTETURKEY · TMO · WHEATTO MARMARATURKISH STRAITS FROM THE BLACK SEANO IMPORT TENDER · SELLING RESERVES FROM 1 SEP, 12.5% AT TRY 18,500/T, ABOUT $380 EXW · IMPORT PARITY PUT NEAR $295 CIF MARMARA · UKRAGROCONSULT · ATRIA BROKERS 1 SEP
5 AUGAWARDEDALGERIA · OAIC · MILLING WHEAT · 540–720K TTO ALGERIAN PORTS · ORIGIN OPTIONAL · ROMANIA AND BULGARIA EXPECTED TO SUPPLY MOST · RUSSIAN OFFERED, NOT FAVOURED · SHIP 15 SEP–30 SEP · SHIP 01 OCT–15 OCT · SHIP 16 OCT–31 OCT · LOT NOT STATEDTURKISH STRAITS FROM THE BLACK SEA · IMPLIED FREIGHT $63.1/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)REUTERS VIA ARAB NEWS 6 AUG$289–290C&F
6 JULAWARDEDSAUDI ARABIA · GFSA · WHEAT · 661K TTO JEDDAH 244K IN 4 SHIPS · YANBU 362K IN 6 · JAZAN 55K IN 1 · ORIGIN EU · AMERICAS · AUSTRALIA · BLACK SEA · ARRIVE 01 SEP–31 OCT · 60K T LOTSTURKISH STRAITS · SUEZ FROM THE BLACK SEA · IMPLIED FREIGHT $42.1/T OVER $225.9 FOB (INDICATIVE RUSSIAN WHEAT FOB, CFI 21 SEP)THE WHEAT AFLOAT TO YANBU AND JEDDAH ON THE GRAIN BOARD · SPA 6 JUL · PRICE PER AG BULL CITING REUTERS$268–273C&F
STATE TENDERS AS REPORTED ON THE WIRES, TYPED BY THE DESK AND DATED ONE BY ONE · REUTERS VIA ARAB NEWS, ZAWYA AND BUSINESS RECORDER, UKRAGROCONSULT, SPA, THE NATION · TONNES AND PRICES ARE TRADERS’ ESTIMATES WHERE THE BUYER PUBLISHES NONE · THE GATE IS WHAT A BLACK SEA CARGO WOULD NEED, THE DESK’S OWN GROUPING