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April 27, 2017
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 2016/17 marketing year, through April 20, 2017 were 27.7 million metric tons (MMT), 39 percent higher than last year's year-to-date total of 20.0 MMT and 9 percent ahead of the 5-year average pace.

Net sales of 61,700 metric tons (MT) for delivery in marketing year 2016/17—a marketing year low—were down 85 percent from the previous week and 87 percent lower than the prior 4-week average. Sales were well below trade expectations of 300,000 to 500,000 MT. Increases were primarily for Japan (25,461 HRW, 35,430 HRS, 20,909 white, 150 durum), Yemen (67,260 white), China (62,706 HRS), the Philippines (36,304 HRS, 20,201 white), and Guatemala (14,000 HRW, 8,000 HRS, 3,750 SRW, 12,940 white, 2,400 durum).

For 2017/18, net sales of 305,400 MT were reported primarily for Unknown destinations (95,000 HRW, 17,500 SRW), China (50,000 white), Taiwan (13,850 HRW, 27,650 HRS, 8,475 white), and Japan (18,705 HRW, 16,140 white). Sales were well above trade expectations of 50,000 to 250,000 MT.

USDA forecasts 2016/17 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, behind the 5-year average of 102 percent.
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