Exporters sell 123,000 Metric Tons Soybeans to Unknown

Exporters sell 123,000 Metric Tons Soybeans to Unknown

Delivery is for 2014/2015 marketing year, USDA says

Private exporters reported the sale of 123,000 metric tons of 2014/2015 soybeans to unknown destinations, USDA said on Friday.

As of August 21, 2014/2015 soybean sales to unknown destinations totaled 5.72 million metric tons, the second most behind China's 12.04 million, according to USDA's latest weekly export report.

The marketing year for soybeans begins Sept. 1.

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, except 20,000 tons for soybean oil, made in one day to one destination by the following business day.

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