Private exporters reported to USDA export sales of 120,000 MT of soybeans to China during the 2013-14 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 MT or more of one commodity, except 20,000 MT for soybean oil, made in one day 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 week USDA has announced 483,000 MT in soybean sales to China for the upcoming marketing year -- putting the marketing year off to a very strong start as China's demand for soybeans remains strong.