The tender included 24,670 tons of soft wheat with protein content between 9.5% and 11%, bought at an estimated price of $232.53 per ton FOB. Additionally, 2,780 tons of soft wheat with protein content up to 9% were purchased at $242.33 per ton FOB.
Traders also reported the purchase of 10,405 tons of hard red winter wheat with a minimum of 11.5% protein at $246.37 per ton FOB, and 12,145 tons of dark northern spring rye with a minimum of 14% protein at $261.11 per ton FOB.
This acquisition reflects ongoing demand from South Korean milling companies for high-quality U.S. wheat and rye to meet domestic flour production needs. The variety of grain types and protein contents purchased indicates a focus on both baking quality and specialty flour applications.
The FOB terms mean that the buyer assumes responsibility for shipping costs and logistics once the grain is loaded for export, giving the South Korean purchaser flexibility in transport and handling. Traders noted that the purchase aligns with typical procurement patterns for South Korean millers during the Northern Hemisphere winter season, when supply from U.S. exporters is generally abundant and competitive.
The transaction is expected to contribute to U.S. agricultural export volumes in early 2026, supporting the country’s grain industry and reinforcing trade links between the U.S. and South Korea. The estimated prices indicate a stable market for soft wheat and hard wheat varieties, while rye commands a premium due to its higher protein content and specialty use in baking.
Overall, the auction demonstrates continued international demand for U.S. milling grains, with South Korean buyers actively securing shipments to meet local consumption and flour production requirements. This purchase underscores the importance of U.S. grain exports in regional food supply chains and highlights the strategic sourcing decisions made by overseas milling companies.
