November 2, 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 October 25, 2012 were 14.7 million metric tons (MMT), 9 percent lower than last year's year-to-date total of 16.2 MMT.
Net sales of 362,900 MT for the 2012/2013 marketing year were down 37 percent from the previous week and 8 percent from the prior 4-week average, and within trade estimates of 350,000 to 500,000 MT. Increases were primarily for Taiwan (30,710 HRW, 59,740 HRS, 11,642 white), Nigeria (89,100 HRW, -12 SRW), Thailand (7,500 HRW, 20,000 HRS, 24,500 white), Japan (20,358 HRS, 21,008 white), Colombia (26,950 HRW, 2,000 SRW), and the Philippines (20,900 HRS).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 47 percent of total projected exports, down from the five-year average of 67 percent of exports committed by this date.
(See attached file: CS 121102.pdf) (See attached file: CS 121102.xls)