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April 4, 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 March 28, 2013 were 25.4 million metric tons (MMT), 2 percent lower than last year's year-to-date total of 25.8 MMT.

Net sales of 141,200 MT--a marketing-year low--for the 2012/2013 marketing year were down 76 percent from the previous week and 78 percent from the prior 4-week average, and below trade expectations of 250,000 to 500,000 MT. Increases were primarily for Egypt (42,500 HRW, 65,073 SRW), Mexico (36,612 HRW, 2,230 HRS, 38,814 SRW), Spain (68,041 SRW), Brazil (30,000 HRW), Ireland (22,000 SRW), and Venezuela (17,000 HRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 91 percent of total projected exports, down from the five-year average of 99 percent of exports committed by this date.

(See attached file: CS 130404.pdf) (See attached file: CS 130404.xls)
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