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U.S. corn export sales surge

05/02/2012 @ 8:28am

Private exporters reported to the U.S. Department of Agriculture export sales of 130,000 metric tons of corn for delivery to unknown destinations during the 2012/2013 marketing year.

The marketing year for corn begin 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, except 20,000 tons for soybean oil, made in one day to one destination, by 3 p.m. EDT on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

-By Rodney Christian; Dow Jones Newswires; 202-646-1880; csstat@dowjones.com

(END) Dow Jones Newswires

May 02, 2012 09:07 ET (13:07 GMT)

DJ USDA Says 130,000 Tons Of Corn Sold To Unknown In 2012-13->copyright

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