USDA Announces New-Crop Soybean Sale to China

March 15, 2013 03:05 AM


Private exporters reported to USDA export sales of 165,000 MT of soybeans to China during the 2013-14 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, except 20,000 tons for soybean oil, 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.


Juli says: The new-crop soybean marketing year is off to a strong start. While this is the only reported new-crop soybean sale announced this week, China has actively booked beans for the upcoming season to remind the market of the country's large appetite for soybeans.

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