December 13, 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 December 6, 2012 were 17.0 million metric tons (MMT), 9 percent lower than last year's year-to-date total of 18.7 MMT.
Net sales of 518,600 MT for the 2012/2013 marketing year were up 47 percent from the previous week and 31 percent from the prior 4-week average, and within trade estimates of 350,000 to 550,000 MT. Increases were primarily for Egypt (73,000 SRW, 110,000 white), Japan (38,070 HRW, 67,149 HRS, 57,329 white), Thailand (10,000 HRW, 25,074 HRS, 10,000 white), South Korea (8,551 HRW, 11,924 HRS, 20,621 white), Turkey (20,000 durum), and Mexico (16,343 HRW, 2,033 HRS, -266 SRW, 4 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 28.6 MMT. Commitments to date (of wheat and wheat products) are 60 percent of total projected exports, down from the five-year average of 77 percent of exports committed by this date.
(See attached file: CS 121213.pdf) (See attached file: CS 121213.xls)