USDA Announces New-Crop Soybean Sale

June 18, 2013 03:06 AM
 

Private exporters reported to USDA export sales of 240,000 MT of soybeans for delivery to China during the 2013-14 marketing year. The 2013-14 marketing year for soybeans will begin Sept. 1.

The news is supportive for new-crop soybean futures this morning as it reminds traders' of China's large appetite for soybeans.

U.S. exporters are required to report to the 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 3:00 p.m. ET the next business day. Any export sales under these quantities must be reported on a weekly basis.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close