Private exporters reported to USDA export sales of 180,000 MT of soft red winter wheat for delivery to China during the 2013-14 marketing year. The marketing year for wheat begins June 1.
This confirms rumors earlier this week that China was seeking U.S. wheat and is encouraging for the new-crop demand outlook.
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.