Private exporters reported to USDA export sales of 197,200 metric tons of corn for delivery to Mexico during the 2013-14 marketing year, which began Sept. 1. Support from the news will be limited as traders are in the process of factoring in seasonal harvest-related pressure. But the demand news certainly serves as a reminder that current prices are helping to rebuild the export demand base.
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.