WASHINGTON, Aug. 7: Private exporters reported sales of 264,000 tonnes (equivalent to four Panamax ships) of soybeans to China as well as to unknown destinations, the U.S. Department of Agriculture’s single-day export sales report on Friday showed. 132,000 tonnes of soybeans were sold and 132,200 tonnes to unknown destinations, both for delivery in 2022/23.
The U.S. soybean year begins on September 1.
The USDA publishes a weekly report on export sales, in addition to a daily report on export sales. If the exporter has any single commodity sales activity of 100,000 tons or more in a single business day, or sales of 200,000 tons or more in the reporting period, the next business day must be 3:00 p.m. Prior to making a report to the USDA. If the volume is lower than the above requirements, report it on a weekly basis.