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Japan Seeks to Buy 193,417 Tons Milling Wheat Dec. 7

Dec. 3 (Bloomberg) -- Japan is seeking to buy 193,417 metric tons of milling wheat from the U.S. and Canada in a tender on Dec. 7, the Ministry of Agriculture, Forestry and Fisheries said today.

Shipment is set from Jan. 21 to Feb. 20, Masafumi Otsuka at the ministry’s grain-trade division said today by phone. The tender is brought forward by two days as the government hastens purchases on tightening supply and rising prices of the grain.

Japan bought 209,297 metric tons of U.S. milling wheat at a tender yesterday, the largest purchase in two years. More than half of the wheat crop from Australia’s Queensland state may deteriorate to feed grade following heavy rain, tightening milling-quality supplies, according to Wayne Newton, grains president of Brisbane-based farm group Agforce.

Wheat in Chicago reached the highest level in almost four months as buyers seeking high-quality wheat may raise purchases from the U.S., the largest exporter, said Charlie Utsunomiya, director at the Tokyo office of U.S. Wheat Associates.

Details of this week’s tender are listed below:

=============================================================
Wheat Exporter      Grade                         Metric Tons
=============================================================
U.S.                Hard Red Winter                51,923
                    Dark Northern Spring           88,961
Canada              Western Red Spring             52,533
=============================================================

To contact the reporter on this story: Aya Takada in Tokyo at atakada2@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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