USDA Announces Corn Sale to Mexico

October 1, 2012 03:33 AM

Private exporters reported USDA optional origin sales of 100,000 metric tons (MT) of corn for delivery to Mexico. Of the total, 33,333 MT is for delivery during the 2012-13 marketing year and 66,667 MT is for delivery during 2013-14. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other countries. The marketing year for corn 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 to one destination, by 3:00 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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