April 19, 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 2011/12 marketing year, through April 12, 2012 were 26.6 million metric tons (MMT), 23 percent lower than last year's year-to-date total of 34.4 MMT.
Net sales of 365,900 MT were down 19 percent from the previous week and 10 percent from the prior 4-week average, and below trade estimates of 450,000 to 650,000 MT. Increases were primarily for Egypt (115,000 SRW), Japan (16,250 HRW, 60,497 HRS, 21,153 white, -17,820 durum), Spain (76,011 SRW), Iran (60,000 HRW), Nigeria (20,000 HRW, 7,000 white, 10,566 durum), and Italy (20,600 durum).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 27.2 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the five-year average of 102 percent of exports committed by this date.
(See attached file: CS 120419.pdf) (See attached file: CS 120419.xls)