November 16, 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 November 8, 2012 were 15.2 million metric tons (MMT), 9 percent lower than last year's year-to-date total of 16.8 MMT.
Net sales of 314,600 MT for the 2012/2013 marketing year were up 50 percent from the previous week, but down 19 percent from the prior 4-week average, and within trade estimates of 250,000 to 450,000 MT. Increases were primarily for Philippines (36,740 HRS, 63,000 white), Nigeria (76,012 HRW, 5,000 white), Mexico (28,942 HRW, 17,064 SRW), Chile (9,783 HRW, 1,239 HRS, 21,978 white), South Korea (5,000 HRW, 9,000 HRS, 8,500 white), and Portugal (10,000 HRS, 10,000 durum).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 29.9 MMT. Commitments to date (of wheat and wheat products) are 51 percent of total projected exports, down from the five-year average of 70 percent of exports committed by this date.
(See attached file: CS 121116.pdf) (See attached file: CS 121116.xls)