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May 11, 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 4, 2017 were 27.9 million metric tons (MMT), 37 percent higher than last year's year-to-date total of 20.4 MMT and 8 percent ahead of the 5-year average pace.

Net reductions of 24,200 metric tons (MT) for delivery in marketing year 2016/17—a marketing year low—were down noticeably from the previous week and the prior 4-week average. Sales were below trade expectations of 100,000 to 300,000 MT. Significant quantities were switched from Unknown destinations. Increases were primarily for Indonesia (8,500 HRS, 58,049 white), China (63,000 HRS), Egypt (51,600 HRW), Chile (10,381 HRW, 22,000 white), and Algeria (800 HRW, 30,052 durum).

For 2017/18, net sales of 273,400 MT were reported primarily for China (60,000 white), Mexico (28,000 HRW, 7,000 HRS, 21,000 SRW), Unknown destinations (18,000 HRW, 13,500 HRS, 14,500 SRW), and the Philippines (30,000 HRS, 15,000 white). Sales for were within trade expectations of 150,000 to 300,000 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 99 percent of total projected exports, behind the 5-year average of 103 percent.
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CS 170511.pdf
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