USDA Announces 1.19 Million MT Daily Bean Sale

July 2, 2012 03:10 AM

Private exporters reported to USDA the following activity:

  • Export sales of 1,190,000 metric tons of soybeans for delivery to unknown destinations for the 2012-13 marketing year; and
  • Export sales of 110,000 metric tons of corn for delivery to Mexico during the 2012-13 marketing year.


The marketing year for corn and 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, except 20,000 tons for soybean oil, 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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