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September 20, 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 September 13, 2012 were 12.3 million metric tons (MMT), 11 percent lower than last year's year-to-date total of 13.8 MMT.

Net sales of 488,900 MT for the 2012/2013 marketing year were up 28 percent from the previous week and 3 percent from the prior 4-week average, and within trade estimates of 350,000 to 550,000 MT. Increases were primarily for Mexico (94,089 HRW, 6,088 HRS, 28,153 SRW), Japan (36,365 HRW, 28,053 HRS, 22,757 white), Thailand (11,000 HRW, 24,209 HRS, 10,120 white), Panama (11,550 HRW, 16,800 HRS, 13,450 SRW), Nigeria (25,910 HRW, 10,044 SRW), and Venezuela (11,500 HRW, 15,000 HRS, 5,000 SRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 38 percent of total projected exports, down from the five-year average of 55 percent of exports committed by this date.

(See attached file: CS 120920.pdf) (See attached file: CS 120920.xls)
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