Private Exporters Report Sales Activity for China and Nigeria
WASHINGTON, July 28, 2014 — Private exporters reported to the U.S. Department of Agriculture the following activity:
- Export sales of 486,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year. Of the total, 66,000 tons are optional origin sales. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries; and
- Export sales of 101,000 metric tons of wheat for delivery to Nigeria during the 2014/2015 marketing year. Of the total, 61,000 tons is hard red winter and 40,000 tons is soft red winter wheat.
The marketing year for wheat began June 1 and 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 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, 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.
For further information, contact the Export Sales Reporting Staff at (202) 720-9209.