October 18, 2012
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 2012/13 marketing year, through October 11, 2012 were 13.8 million metric tons (MMT), 11 percent lower than last year's year-to-date total of 15.6 MMT.
Net sales of 410,000 MT for the 2012/2013 marketing year were up 47 percent from the previous week and 9 percent from the prior 4-week average, and above trade estimates of 250,000 to 375,000 MT. Increases were primarily for Philippines (51,000 HRS, 36,900 white), unknown destinations (28,500 HRW, 22,000 HRS, 19,000 SRW, -14,000 white, 17,200 durum), Nigeria (40,000 HRW, 10,500 SRW, 5,000 white), Japan (46,440 white), Mexico (66,107 HRW, -36,116 HRS, 10,046 SRW), and South Korea (10,330 HRW, 6,400 HRS, 16,369 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 44 percent of total projected exports, down from the five-year average of 64 percent of exports committed by this date.
(See attached file: CS 121018.pdf) (See attached file: CS 121018.xls)