Private exporters reported to USDA export sales of 410,000 MT of soybeans for delivery to China. Of the total, 60,000 MT is for delivery during the 2012-13 marketing year and 350,000 MT is for delivery 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 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.