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January 24, 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 January 10, 2013 were 19.8 million metric tons (MMT), 3 percent lower than last year's year-to-date total of 20.5 MMT.

Net sales of 536,200 MT for the 2012/2013 marketing year were up noticeably from the previous week, but down 7 percent from the prior 4-week average, and within trade estimates of 450,000 to 650,000 MT. Increases were primarily for Egypt (146,000 SRW), China (55,000 HRS, 56,700 SRW), unknown destinations (19,000 HRW, 12,250 HRS, 30,000 SRW, 20,000 white), Chile (21,008 SRW, 37,800 white), and Mexico (45,669 HRW, -23,402 HRS, 32,189 SRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 28.6 MMT. Commitments to date (of wheat and wheat products) are 70 percent of total projected exports, down from the five-year average of 83 percent of exports committed by this date.

(See attached file: CS 130117.pdf) (See attached file: CS 130117.xls)
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