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August 23, 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 August 16, 2012 were 10.4 million metric tons (MMT), 12 percent lower than last year's year-to-date total of 11.8 MMT.

Net sales of 468,800 MT for the 2012/2013 marketing year were up 19 percent from the previous week, but down 2 percent from the prior 4-week average, and within trade estimates of 400,000 to 550,000 MT. Increases were primarily for Japan (21,913 HRW, 51,183 HRS, 15,368 white), Nigeria (72,000 HRW), The Philippines (39,000 HRS, 15,000 white), South Korea (9,720 HRW, 27,997 HRS, 15,300 white), Mexico (13,403 HRW, 38,788 HRS), Colombia (31,300 HRW, 11,604 SRW), and Chile (17,600 HRW, 20,900 white).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 32 percent of total projected exports, down from the five-year average of 44 percent of exports committed by this date.

(See attached file: CS 1200823.pdf) (See attached file: CS 1200823.xls)
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