USDA export sale: Colombia Buys Corn; Unknown Buys Soymeal

USDA export sale: Colombia Buys Corn; Unknown Buys Soymeal

Colombia takes 147,000 tonnes of 2014-2015 corn

Private exporters reported Colombia bought 147,000 metric tons of 2014-2015 corn and unknown destinations bought 135,000 metric tons of 2014/2015 soybean cake and meal, USDA said on Tuesday.

Prior to Tuesday, USDA weekly data showed Colombia had bought 10,000 metric tons of 2014-2015 corn. It has bought nearly 3.07 million metric tons of 2013-2014 U.S. corn making it the fourth largest buyer of that crop behind Japan, Mexico, and South Korea. 

The marketing year for corn begins Sept. 1 and soybean cake and meal beginning Oct. 1.

Colombia takes 147,000 tonnes of 2014-2015 corn

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, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3p.m. Eastern time on the next business day following the sale.


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TAGS: USDA
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