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May 18, 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 May 11, 2017 were 28.2 million metric tons (MMT), 37 percent higher than last year's year-to-date total of 20.6 MMT and 9 percent ahead of the 5-year average pace.

Net sales of 247,600 metric tons (MT) for delivery in marketing year 2016/17 were up noticeably from the previous week and 40 percent higher than the prior 4-week average. Sales were above trade expectations of 0 to 200,000 MT. Increases were primarily for China (63,000 HRS, 6,000 white), Nigeria (51,000 HRW), Vietnam (-2,000 HRW, 9,996 HRS, 40,000 white), Japan (12,600 HRW, 35,020 HRS), and Kenya (36,937 HRW).

For 2017/18, net sales of 393,100 MT were reported primarily for Japan (25,490 HRW, 31,360 HRS, 19,507 white), Unknown destinations (53,900 HRS, 1,800 SRW, 10,000 white), Mexico (44,158 HRW, 11,158 HRS), and the Philippines (7,000 HRW, 43,000 HRS). Sales for were within trade expectations of 200,000 to 400,000 MT.

USDA forecasts 2016/17 U.S. wheat exports (including donations) to reach 28.2 MMT. Commitments to date (of wheat and wheat products) are 101 percent of total projected exports, behind the 5-year average of 104 percent.
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CS 170518.pdf
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