USDA Announces Soybean and Soyoil Sales

November 12, 2013 02:04 AM
 

 

 

Private exporters reported to USDA the following activity:

  • Export sales of 116,000 MT of soybeans for delivery to China during the 2013-14 marketing year; and
  • Export sales of 35,000 MT of soybean oil for delivery to unknown destinations during the 2013-14 marketing year.

 

The marketing year for soybeans began on Sept. 1 and soybean oil began Oct.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 or quantities totaling 200,000 MT or more in any reporting period, 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.

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