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May 23, 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 May 16, 2013 were 27.1 million metric tons (MMT), 3 percent lower than last year's year-to-date total of 27.9 MMT.

Net sales of 239,400 MT for delivery in the 2012/2013 marketing year were up 91 percent from the previous week and 55 percent from the prior 4-week average, and above trade expectations of zero to 200,000 MT. Increases were primarily for Nigeria (103,358 HRW, 2,000 durum), Brazil (72,000 HRW), Mexico (25,934 HRW, 1,474 SRW, 19,000 durum), Venezuela (25,500 HRW, 3,000 SRW), Algeria (26,250 HRW), and Israel (24,629 HRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 97 percent of total projected exports, down from the five-year average of 104 percent of exports committed by this date.

(See attached file: CS 130524.pdf) (See attached file: CS 130524.xls)
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