Private exporters reported to USDA export sales of 114,300 MT of grain sorghum to unknown destinations during the 2012-13 marketing year. The marketing year for grain sorghum 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, except 20,000 MT for soybean oil, 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.
Juli says: It's not uncommon to see a sorghum purchase, but the timing has some traders thinking this unknown destination is adding sorghum to its mix due to high corn prices.