Private exporters reported to USDA export sales of 120,000 MT of grain sorghum to China for delivery during the 2013-14 marketing year, which began Sept. 1.
Traders suspect this purchase is to replace some of the U.S. corn China rejected due to the detection of unapproved GMO content. Traders will be watching to see if China steps up its purchases of U.S. sorghum, as it would suggest its demand for feedgrains remains strong.
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, made in one day or quantities totaling 200,000 MT 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.
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