Alert: China Makes Soybean Buy

Alert: China Makes Soybean Buy

USDA announces 347,000 metric ton purchase for delivery in 2014/2015 crop year.

Private exporters reported that China bought 347,000 metric tons of U.S. corn for delivery during the 2014/2015 marketing year, USDA said on Monday.

The marketing year for soybeans begins 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 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period.

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