USDA Says 120,000 Tons Of Corn Sold To China In 11-12

WASHINGTON, (Dow Jones)– Private exporters reported to the U.S. Department of Agriculture the following activity:

–Export sales of 120,000 metric tons of corn for delivery to China during the 2011/2012 marketing year.

The marketing year for corn began Sept. 1.

USDA issues both daily and weekly export sales reports to the public.

Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, to one destination, 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.

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