USDA Announces Soybean Sales, Makes Corn Announcement

July 13, 2012 03:14 AM
 

Private exporters reported to USDA the following activity:

  • Export sales of 150,200 metric tons (MT) of soybeans for delivery to unknown destinations. Of the total 7,500 MT is for delivery during the 2011-12 marketing year and 142,700 MT is for delivery during the 2012-13 marketing year; and
  • Declaration of non-U.S. origin export sales of 120,000 MT of corn for delivery to Mexico during the 2012-13 marketing year. These sales were previously reported as optional origin. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.

 

The marketing year for corn and 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, 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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