Taiwan Buys US Corn: 65,000 Tons Secured

• Asian demand support: Taiwan’s MFIG booked 65,000 tons of US feed corn for July–August delivery, underscoring steady regional demand.
• US competitiveness: The $218.43/bushel C&F purchase from CJ International highlights US corn’s strong pricing in the Pacific basin.
• Limited Black Sea impact: The deal is broadly neutral for Black Sea exporters, who remain focused on MENA destinations with freight advantages.

Taiwan Corn Tender Overview

Taiwanese buyer MFIG secured 65,000 tons of US-origin feed corn in a tender held on April 29, purchasing the volume from operator CJ International at a C&F price of $218.43 per bushel. The deal reinforces Taiwan’s ongoing reliance on American corn supplies to cover summer feed demand.

Shipment and Logistics Window

The contract allows flexible loading options from key US export hubs. Cargoes shipped from Gulf of Mexico ports are scheduled for delivery between July 2 and July 21, while shipments from Pacific coast ports are slated for arrival between July 17 and August 5. This structure gives the seller room to optimize freight and execution amid seasonal logistics constraints.

Market Impact and Black Sea Context

The Taiwan purchase underscores ongoing competition between US and Black Sea corn in Asian markets, but its direct implications for Black Sea exporters are limited. US suppliers currently hold a positioning advantage into the Pacific basin, while Black Sea origins remain more focused on nearer Middle East and North Africa destinations, where freight economics are more favorable. The $218.43/bushel C&F level serves as a useful benchmark for assessing Asian demand and summer delivery price ideas, but it is regarded as broadly neutral for Black Sea price dynamics.

Source: Market Data