June 28, 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 June 14, 2012 were 6.71 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 8.30 MMT.
Net sales of 324,500 MT fell below trade estimates of 450,000 to 650,000 MT. Increases were primarily for Nigeria (84,000 HRW, 1,100 SRW), Unknown destinations (23,000 HRW, 500 HRS, 5,000 SRW, 55,000 white), Japan (23,977 HRW, 22,088 HRS, 28,387 white), Peru (26,000 HRW), Venezuela (3,200 HRW, 7,999 HRS, 8,250 SRW, 7 durum), South Korea (6,101 HRW, 3,600 HRS, 1,080 white), and Costa Rica (2,000 HRW, 7,000 SRW).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 22 percent of total projected exports, down from the five-year average of 24 percent of exports committed by this date.
(See attached file: CS 120628.pdf) (See attached file: CS 120628.xls)