USDA Announces Soybean Sale for 2014-15

April 11, 2014 03:22 AM



Private exporters reported to USDA export sales of 330,000 MT of soybeans to unknown destinations for delivery during the 2014-15 marketing year, which begins Sept. 1. Traders suspect the sale is to China.

As of April 3, USDA has sales of over 7.1 MMT on its books for 2014-15.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, to one destination, by 3 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

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