US exporters sell corn to South Korea

Private exporters reported the sale of 220,000 tonnes of corn to South Korea for the 2006/07 and 2007/08 marketing years, the US Agriculture Department said Thursday. Of the total, 55,000 tonnes are for delivery during the 2006/07 marketing year and 165,000 tonnes are for the 2007/08 marketing year, according to a USDA statement.
The marketing year for corn began on September 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 soybean oil - 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.