Private exporters report sales of 420,000 tonnes of soybeans for delivery to China during 2011/2012 marketing year, USDA says

WASHINGTON , November 18, 2011 (press release) – Private exporters reported to the U.S. Department of Agriculture export sales of 420,000 metric tons of soybeans for delivery to China during the 2011/2012 marketing year.

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 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.

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