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May 16, 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 9, 2013 were 26.9 million metric tons (MMT), 3 percent lower than last year's year-to-date total of 27.8 MMT.

Net sales of 125,000 MT for delivery in the 2012/2013 marketing year were down 48 percent from the previous week and 52 percent from the prior 4-week average, and within trade expectations of zero to 250,000 MT. Increases were primarily for Philippines (41,800 HRS, 23,200 white), Egypt (63,035 HRW), Saudi Arabia (57,747 SRW), Guatemala (18,490 HRW, 6,910 HRS, 2,400 SRW, 7,529 white), Peru (33,000 HRW, 2,000 SRW), and Indonesia (32,550 white).

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 130516.pdf) (See attached file: CS 130516.xls)
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