USDA Announces Old-Crop Corn Sale

March 4, 2013 02:03 AM
 

Private exporters reported to the U.S. Department of Agriculture export sales of 100,000 metric tons of corn for delivery to unknown destinations during the 2012/2013 marketing year.

The marketing year for 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=0025-13#sthash.qmJ5oDIE.dpuf

Private exporters reported to USDA export sales of 100,000 MT of corn for delivery to unknown destinations during the 2012-13 marketing year. The marketing year for 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 MT 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


Juli says: The recent pickup in old-crop corn export sales signals corn is a value at current prices. But it will take sustained buying to support prices as export demand is still lackluster -- overall.

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