July 6, 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 June 14, 2012 were 7.13 million metric tons (MMT), 18 percent lower than last year's year-to-date total of 8.72 MMT.
Net sales of 418,900 MT fell within trade estimates of 300,000 to 450,000 MT. Increases were primarily for Mexico (136,610 HRW, 25,632 SRW), the Philippines (4,000 HRW, 50,750 HRS, 32,650 white), Indonesia (40,000 HRW, 25,000 white), Nigeria (45,000 HRW), Israel (27,288 HRW), Brazil (27,000 SRW), and South Korea (3,700 HRW, 9,500 HRS, 12,300 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 23 percent of total projected exports, down from the five-year average of 25 percent of exports committed by this date.
(See attached file: CS 120706.pdf) (See attached file: CS 120706.xls)