USDA Announces Soyoil Sale to Unknown

November 26, 2012 02:14 AM
 

Private exporters reported to USDA export sales of 20,000 MT of soybean oil for delivery to unknown destinations during the 2012-13 marketing year. The marketing year for 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 tons for soybean oil, made in one day to one destination, by 3:00 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: Since Nov. 14, USDA has announced daily soyoil sales of 188,000 MT to unknown destinations and China.

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