USDA Announces Corn, Soybean and Wheat Purchases

July 8, 2013 03:12 AM
 

Private exporters reported to the U.S. Department of Agriculture the following activity:

  • Export sales of 840,000 metric tons of soft red winter wheat for delivery to China during the 2013/2014 marketing year; and
  • Export sales of 135,000 metric tons of soybeans for delivery to unknown destinations during the 2013/2014 marketing year; and
  • Export sales of 120,000 metric tons of soybeans for delivery to China during the 2013/2014 marketing year; and
  • Export sales of 120,000 metric tons of corn for delivery to Mexico during the 2013/2014 marketing year; and

The marketing year for wheat began June 1, soybeans and corn 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 3:00 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.

- See more at: http://www.fas.usda.gov/scriptsw/PressRelease/pressrel_dout.asp?Entry=valid&PrNum=0076-13#sthash.9KTMipJF.dpuf

 

 

Private exporters reported to USDA the following flurry of activity:

  • Export sales of 840,000 metric tons of soft red winter wheat for delivery to China during the 2013-14 marketing year;
  • Export sales of 135,000 metric tons of soybeans for delivery to unknown destinations during the 2013-14 marketing year;
  • Export sales of 120,000 metric tons of soybeans for delivery to China during the 2013-14 marketing year;
  • Export sales of 120,000 metric tons of corn for delivery to Mexico during the 2013-14 marketing year.

 

This flurry of activity signals importers view new-crop prices have reached "value" levels, which is especially impressive given recent strength in the U.S. dollar index.

The marketing year for wheat began June 1, soybeans and corn 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 3:00 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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