USDA Announces New-Crop Soybean Sales

October 18, 2013 03:05 AM



Private exporters reported to USDA the following sales activity:

  • Export sales of 222,000 MT of soybeans to China during the 2013-14 marketing year; and
  • Export sales of 140,000 MT of soybeans to unknown destinations during 2013-2014.


We're finally receiving daily sales announcements! It's unknown if this is business posted to USDA by 3 p.m. ET yesterday, but it matches the rumored business that was floating around the market late yesterday.

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 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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