New Soybean Export Sales of 701k For 2012/13 Were Reported Last Week

Posted on August 11, 2012

This week the only export sales that met the requirements for reporting by private exporters were for soybeans.  The new sales total 701,000 metric tons, which is the highest since June 28th for the 2012/13 marketing year.  No corn or wheat export sales meeting were reported this week. Either  soybeans have not hit a demand killing price level or demand for beans are less elastic. All we can do is watch and learn.

See table below for details.

For week ending August 11, 2012

Report Date Crop Size of Sale
(Metric Tons)
Destination Country/Marketing Yr
Aug 6, 2012 Soybeans 106,000 China (2012/2013)
Aug 8, 2012 Soybeans 140,000 Unknown (2012/2013)
Aug 9, 2012 Soybeans 165,000 China (2012/2013)
Aug 10, 2012 Soybeans 290,000 China (2012/2013)

The marketing year for soybeans is September 1 – August 31.

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