U.S. Private Exporters Report Sales Activity for Unknown Destinations and China
Private exporters reported to the U.S. Department of Agriculture the following activity: --Export s…Private exporters reported to the U.S. Department of Agriculture the following activity:
--Export sales of 360,000 metric tons of soybeans to unknown destinations during the 2013/2014 marking year; and
--Export sales cancellations of 300,000 metric tons of soybeans to China during the 2013/2014 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 metric tons or more of one commodity, except 20,000 tons for soybean oil, 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.