August 22, 2007

US exporters sell corn to Iran, unknown in 2007/08

Private exporters reported the sale of 120,000 tonnes of corn for delivery Iran in the 2007/08 marketing year, the US Agriculture Department said on Tuesday (August 21).

The department also reported the sale of 120,000 tonnes of corn to unknown destinations in the 2007/08 marketing year.

The marketing year for corn begins on Sept. 1.

US exporters must report any US or optional origin export sales activity of at least 100,000 tonnes -- except 20,000 tonnes or more for soyoil -- made in one day to a single destination by the following business day. Sales of smaller quantities must be reported weekly to USDA's Foreign Agricultural Service.