U.S. — As trade negotiations with China continue, one measure of progress has been that country’s willingness to purchase American grown soybeans. By this measure, there is reason for hope that the two sides are moving closer together.



On Feb. 4, private exporters reported to the U.S. Dept. of Agriculture export sales of 612,000 metric tons of soybeans for delivery to China during 2018/2019 marketing year. The very next day, Feb. 5, private exporters reported an additional 2,603,000 metric tons of soybeans for delivery to China. Another 274,000 metric tons of soybeans for delivery to unknown destinations was reported on Feb. 5 as well.

The USDA issues both daily and weekly export sales reports. Exporters are required to report 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 3 p.m. eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.