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May 4, 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 27, 2017 were 28.0 million metric tons (MMT), 39 percent higher than last year's year-to-date total of 20.1 MMT and 9 percent ahead of the 5-year average pace.

Net sales of 258,400 metric tons (MT) for delivery in marketing year 2016/17 were up noticeably from the previous week but 30 percent lower than the prior 4-week average. Sales were well above trade expectations of 0 to 150,000 MT. Increases were primarily for the Philippines (44,399 HRS, 22,518 white), Thailand (20,000 HRW, 15,000 HRS, 17,000 white), Malaysia (26,700 HRS, 4,000 white), and Mexico (28,083 HRW, 303 HRS, 873 SRW, 588 white).

For 2017/18, net sales of 563,400 MT were reported primarily for Unknown (94,000 HRW, 63,000 white), Algeria (90,000 HRW), South Korea (13,700 HRW, 25,150 HRS, 37,500 white), and China (20,000 HRW, 43,000 white). Sales for were well above trade expectations of 200,000 to 400,000 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 101 percent of total projected exports, behind the 5-year average of 103 percent.
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CS 170505.pdf
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