Private exporters report sales of 285,000 tonnes of soybeans to China, with 175,000 tonnes for delivery during the 2011/2012 marketing year, 110,000 for 2012/2013 marketing year, USDA says

WASHINGTON , February 29, 2012 (press release) –
Private exporters reported to the U.S. Department of Agriculture the following activity:

--Export sales of 285,000 metric tons of soybeans to China. Of the total 175,000 tons is for delivery during the 2011/2012 marketing year and 110,000 tons is for delivery during the 2012/2013 marketing year; and

-- Optional origin sales of 120,000 metric tons of corn for delivery to Mexico during the 2012/2013 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 corn and 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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