USDA Announces Daily Bean Sale to Unknown

December 6, 2013 04:05 AM

Private exporters reported to USDA export sales of 384,150 metric tons of soybeans for delivery to unknown destinations. Of the total, 189,150 tons is for delivery during the 2013-14 marketing year and 195,000 tons is for delivery during the 2014-15 marketing year. The marketing year for 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 or quantities totaling 200,000 tons 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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