Late export news may support US futures

Posted by Nogger - a legend in his own mind at 15:24 | Categorized as ,

Private exporters are reporting sales of 220,000mt US soybeans to China for the current 07-08 marketing year. There is also a report circulating of 120,000 US wheat sold to Egypt for the next marketing year 08-09 which begins 1st Sept 2008. U.S. exporters are required to report to the USDA sales of 100,000 tons or more of any commodity made in the same day to the same destination by 3:00 p.m. EDT (1900 GMT) the next business day, according to the USDA's Foreign Agriculture Service.