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April 25, 2013

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 April 18, 2013 were 26.3 million metric tons (MMT), 3 percent lower than last year's year-to-date total of 27.0 MMT.

Net sales of 71,700 MT--a marketing-year low--for delivery in the 2012/2013 marketing year were down 87 percent from the previous week and 81 percent from the prior 4-week average, and below trade expectations of 200,000 to 400,000 MT. Increases were primarily for Egypt (63,000 SRW), Japan (33,745 HRW, 25,215 HRS, 150 white, 20 durum), Chile (31,133 HRW), the Congo (27,500 HRW), El Salvador (7,700 HRW, 3,500 HRS, 4,700 white), and Colombia (2,500 HRW, 9,500 SRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 95 percent of total projected exports, down from the five-year average of 102 percent of exports committed by this date.

(See attached file: CS 130425.pdf) (See attached file: CS 130425.xls)
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