December 15, 2011
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 December 8, 2011 were 18.7 million metric tons (MMT), 24 percent lower than last year's year-to-date total of 24.6 MMT.
Net sales of 318,400 MT for the 2011/2012 marketing year were down 26 percent from the previous week and 32 percent from the prior 4-week average, and within trade estimates of 300,000 to 400,000 MT. Increases were primarily for Japan (31,958 HRW, 22,974 HRS, 23,780 white), Mexico (5,625 HRW, 5,000 SRW, 47,687 white), Indonesia (54,000 HRS, -3,459 white), Singapore (30,000 HRW), Guatemala (14,900 HRW, 6,200 HRS, 5,275 white), Israel (19,161 HRW), El Salvador (6,700 HRW, 7,500 HRS, 4,385 white), and the Dominican Republic (10,000 HRW, 7,540 HRS).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 25.2 MMT. Commitments to date (of wheat and wheat products) are 71 percent of total projected exports, down from the five-year average of 77 percent of exports committed by this date.
(See attached file: CS 111215.pdf) (See attached file: CS 111215.xls)