USDA Announces Soybean Sales to China

November 17, 2011 02:04 AM
 

Private exporters reported to USDA export sales of 420,000 metric tons (MT) of soybeans for delivery to China during the 2011-12 marketing year. The marketing year for soybeans began Sept. 1.

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.


Juli says: This news was factored into the market on Tuesday and traders "sold the fact" yesterday as a Chinese importers said the sale was for 500,000 to 600,000 MT combined.

Back to news


RELATED CONTENT

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close