South Korean feed millers buys more feed grain, prices hit multimonth high

Feed millers in South Korea have ramped up feed grain purchases and have opted to replace a portion of corn demand with cheaper feed wheat for the second consecutive year, propelling Asian corn prices to multimonth highs. Platts had assessed CFR North East Asia corn at $341.50/mt on Feb. 9, marginally below the 8-month high of $342/mt assessed on Feb….