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Jan 1, 2018 @ 12:18

American exporters book export sales of 110,000 MT of soybeans to China

Private exporters reported to the US Department of Agriculture (USDA) export sales of 110,000 metric tons of soybeans for delivery to China during the 2017 and 2018 marketing year, a statement showed.

The marketing year for soybeans began September 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 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period.

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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