USDA Announces China Buys More New-Crop Soybeans

January 28, 2013 02:25 AM
 

 

Private exporters reported to USDA export sales of 220,000 MT of soybeans to China during the 2013-14 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 MT or more of one commodity, except 20,000 MT 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: China is on a new-crop soybean buying binge... Last week USDA announced Chinese purchases of more than a half-million-metric-tons of new-crop soybeans.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close