USDA Announces Soybean Sales for 2014-15

January 15, 2014 02:35 AM

Private exporters reported to USDA export sales of 106,000 MT of soybeans to China during the 2014-15 marketing year, which begins Sept. 1. Traders have been watching to see if China cancels any of their large 2013-14 U.S. purchases, but so far that has not happened.

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 or quantities totaling 200,000 tons or more in any reporting period, 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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