July 12, 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 5, 2012 were 7.45 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 9.24 MMT.
Net sales of 311,800 MT fell below trade estimates of 350,000 to 500,000 MT. Increases were primarily for Philippines (6,700 HRW, 76,239 HRS, 29,590 white), Algeria (52,500 HRW), Jordan (47,592 HRW), Japan (20,128 HRW, 781 HRS, 18,075 white), South Korea (7,150 HRW, 10,990 HRS, 9,520 white), Mexico (2,000 HRW, 921 HRS, 22,578 SRW), and Nigeria (24,575 HRW).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 23 percent of total projected exports, down from the five-year average of 28 percent of exports committed by this date.
(See attached file: CS 120712.pdf) (See attached file: CS 120712.xls)