Private exporters reported to USDA export sales of 240,000 MT of corn to Mexico for 2014-15, which begins September 1. The news is supportive for new-crop futures as it suggests prices are rebuilding demand.
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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