South Korea's KFA buys 60,000 tons of corn

The Busan section of the Korea Feed Association (KFA) in South Korea purchased around 60,000 metric tons of animal feed corn in a private deal on Tuesday, European traders said. The corn is expected to be sourced from South America and was bought at an estimated $283.30 a ton cost and freight plus a $1.50 surcharge for additional port unloading.