Private exporters reported to the U.S. Department of Agriculture (USDA) export sales cancellations of 245,000 metric tons of soybeans for delivery to China during the 2013-14 marketing year, according to the Wall Street Journal. The marketing year for soybeans began September 1, 2013.
Exporters are required to report export sales activity of 100,000 metric tons or more of one commodity in one day or quantities totaling 200,000 tons or more in any reporting period to one destination, by 3:00 p.m. EST on the next business day. Export sales of less than these quantities must be reported to USDA on a weekly basis.
