Private Exporters Report Sales Activity for China and Unknown Destinations
WASHINGTON, July 18, 2014 — Private exporters reported to the U.S. Department of Agriculture the following activity:
- Export sales of 464,000 metric tons of soybeans for delivery to unknown destinations during the 2014/2015 marketing year; and
- Optional origin sales of 116,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year.
An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.
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, made in one day or quantities totaling 200,000 tons or more in any reporting period,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. For further information, contact the Export Sales Reporting Staff at (202) 720-9209.