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 2017/18 marketing year, through May 10, 2018 were 23.6 million metric tons (MMT), 16 percent behind last year's year-to-date total of 28.2 MMT.
Net sales of 63,100 metric tons for delivery in marketing year 2017/2018 were up 79 percent from the previous week, but still 50 percent below the prior 4-week average. Sales were within trade expectations of 0 to 200,000 MT. Increases were primarily for Yemen (52,683 white), the Philippines (42,000 HRS, 10,000 white), Iraq (50,538 HRW), Ecuador (16,284 HRW, 19,484 SRW), and Japan (24,004 HRW, 8,171 HRS, -3,344 white).
Net sales of 131,700 MT were reported for delivery in marketing year 2018/19. Sales were below trade expectations of 100,000 to 300,000 MT. Increases were primarily for Japan (36,540 HRW, 11,500 HRS), Korea (8,300 HRW, 10,200 HRS, 6,275 white), and Mexico (8,166 HRS, 11,000 SRW).
USDA forecasts 2017/18 U.S. wheat exports (including donations) to reach 24.8 MMT. Commitments to date (of wheat and wheat products) are 94 percent of total projected exports, behind the 5-year average of 104 percent.