USDA Announces Soybean Sale

January 9, 2012 02:03 AM
 

Private exporters reported to USDA export sales of 145,000 metric tons (MT) of soybeans to unknown destinations during the 2011-12 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 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: Talk is the sale is to China as they have recently been reported as trying to source soybeans for nearby delivery.

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