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August 2, 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 July 26, 2012 were 8.92 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 10.6 MMT.

Net sales of 516,200 MT for the 2012/2013 marketing year were up 41 percent from the previous week and 22 percent from the prior 4-week average, and within trade estimates of 400,000 to 600,000 MT. Increases were primarily for South Korea (19,800 HRW, 13,700 HRS, 23,300 white), the Philippines (33,900 HRS, 21,500 white), Yemen (55,000 white), Guatemala (25,100 HRW, 9,350 HRS, 5,700 SRW, 11,850 white), Japan (669 HRW, 2,967 HRS, 47,973 white), Dominican Republic (25,600 HRW, 17,000 HRS, 8,400 SRW), and Peru (30,000 HRW, 16,000 SRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 27 percent of total projected exports, down from the five-year average of 36 percent of exports committed by this date.

(See attached file: CS 120802.pdf) (See attached file: CS 120802.xls)
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