Private U.S. exporters reported sales of more than 500,000 tons of soybeans to China on Wednesday

WASHINGTON, Aug. 24: Private exporters reported sales of 517,000 tons of soybeans to China for delivery in 2022/23, the U.S. Department of Agriculture’s one-day export sales report on Tuesday showed.

Private exporters on Tuesday reported sales of 110,000 tonnes of soybeans to China 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.