Private exporters reported to USDA the following activity:
- Export sales of 120,000 MT of corn for delivery to China during the 2013-14 marketing year; and
- Optional origin sales of 120,000 MT of soybeans for delivery to unknown destinations during the 2013-14 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.
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, 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.