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December 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 December 13, 2012 were 17.7 million metric tons (MMT), 7 percent lower than last year's year-to-date total of 19.0 MMT.

Net sales of 651,100 MT for the 2012/2013 marketing year were up 26 percent from the previous week and 46 percent from the prior 4-week average., and above trade estimates of 450,000 to 650,000 MT. Increases were primarily for Nigeria (143,017 HRW), Japan (50,478 HRW, 23,215 HRS, 49,687 white), Egypt (110,000 SRW), the Philippines (4,000 HRW, 70,103 HRS, 33,500 white), South Korea (6,100 HRW, 27,292 HRS, 544 SRW, 17,870 white), Venezuela (4,000 HRW, 20,000 HRS, 3,000 SRW), and Thailand (1,535 HRW, 15,758 HRS, 6,564 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 62 percent of total projected exports, down from the five-year average of 78 percent of exports committed by this date.

(See attached file: CS 121220.pdf) (See attached file: CS 121220.xls)
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