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Fresh soybean sales to China

05/08/2012 @ 8:14am

Private exporters reported to the U.S. Department of Agriculture the following activity:

--Export sales of 225,000 metric tons of soybeans for delivery to China. Of the total, 60,000 tons is for delivery during the 2011/2012 marketing year and 165,000 tons is for delivery during the 2012/2013 marketing year; and

--Export sales of 40,000 metric tons of soybean oil for delivery to unknown destinations during the 2012/2013 marketing year.

The marketing year for soybeans began on Sept. 1; soybean oil began Oct.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. 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.

-By Rodney Christian; Dow Jones Newswires; 202-646-1880;

csstat@dowjones.com

(END) Dow Jones Newswires

May 08, 2012 09:01 ET (13:01 GMT)

DJ USDA Says 225,000 Tons Of Soybeans Sold To China->copyright

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