WASHINGTON, March 4, 2011 -- Private exporters reported to the U.S. Department of Agriculture optional origin sales of 120,000 metric tons of soybeans for delivery to China during the 2010/2011 marketing year. An optional origin contract provides that the origin of the commodity may be the United States or one or more other 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 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.
For further information, contact the Export Sales Reporting Staff at (202) 720-9209.