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October 25, 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 18, 2012 were 14.3 million metric tons (MMT), 10 percent lower than last year's year-to-date total of 15.9 MMT.

Net sales of 572,000 MT for the 2012/2013 marketing year were up 40 percent from the previous week and 61 percent from the prior 4-week average, and above trade estimates of 350,000 to 450,000 MT. Increases were primarily for unknown destinations (82,900 HRW, 36,800 HRS, 9,000 SRW, 55,000 white, -32,400 durum), Japan (42,385 HRW, 49,656 HRS, 8,035 white), Dominican Republic (21,227 HRW, 20,090 HRS, 18,142 SRW), Mexico (32,104 HRW, 43 HRS, 21,787 SRW), South Korea (11,200 HRW, 12,120 HRS, 14,700 white), and Guatemala (15,796 HRW, 7,131 HRS, 8,861 white).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 46 percent of total projected exports, down from the five-year average of 66 percent of exports committed by this date.

(See attached file: CS 121025.pdf) (See attached file: CS 121025.xls)
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