February 5, 2010

USDA sold 110,000 tonnes of corn to South Korea in 09-10

Private exporters reported to the USDA for the export sales of 110,000 tonnes of corn for delivery to South Korea during the 2009-2010 marketing year.

The 2009-2010 marketing year for corn began on September 1, 2009.

According to the USDA's Foreign Agriculture Service, US exporters are required to report to the USDA for any export sales activity of 100,000 tonnes or more of one commodity made in one day, or quantities totalling 200,000 tonnes or more in any reporting period, to one destination, by 3:00 pm EST (2000 GMT) the next business day.

In addition, export sales under these quantities must be reported on a weekly basis.