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June 2, 2017
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 2016/17 marketing year, through May 18, 2017 were 28.4 million metric tons (MMT), 37 percent higher than last year's year-to-date total of 20.7 MMT and 9 percent ahead of the 5-year average pace.

Net reductions of 29,000 metric tons (MT) for delivery in marketing year—a marketing year low—2016/17 were down noticeably from the previous week and from the prior 4-week average. Sales were within trade expectations of -100,000 to 100,000 MT. Increases were primarily for China (80,000 HRS), the Philippines (35,842 HRS, 14,181 white), Peru (44,692 HRW), and South Korea (-30,000 HRS, -1 SRW, 60,837 white).

For 2017/18, net sales of 810,300 MT were reported primarily Japan (45,850 HRW, 34,507 HRS, 63 SRW, 43,725 white), Egypt (115,000 HRW), Mexico (54,766 HRW, 29,708 SRW), and South Korea (20,900 HRW, 22,600 HRS, 38,400 white). Sales were well above trade expectations of 250,000 to 450,000 MT.

USDA forecasts 2016/17 U.S. wheat exports (including donations) to reach 28.2 MMT. Commitments to date (of wheat and wheat products) are 101 percent of total projected exports, behind the 5-year average of 105 percent.
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CS 170601.pdf
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