According to the U.S. Department of Agriculture's weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2013/14 marketing year, through October 3, 2013 were 19.2 million metric tons (MMT), 44 percent greater than last year's year-to-date total of 13.4 MMT.
Net sales of 653,600 MT for delivery in the 2013/2014 marketing year were down 22 percent from the previous week and 3 percent from the prior 4-week average, and within trade expectations of 600,000 to 850,000 MT. Increases were primarily for Brazil (192,891 HRW, -349 SRW), South Korea (20,040 HRW, 102,545 HRS, 700 SRW, 50,290 white), Nigeria (77,526 HRW, 24,000 SRW), the Philippines (1,300 HRW, 28,766 HRS, 31,920 white), Taiwan (12,201 HRW, 32,228 HRS, 12,016 white), and China (52,250 HRS, -4,069 SRW).
USDA forecasts 2013/14 U.S. wheat exports (including donations) to reach 29.9 MMT. Commitments to date (of wheat and wheat products) are 64 percent of total projected exports, up from the five-year average of 56 percent of exports committed by this date.