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August 9, 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 August 2, 2012 were 9.58 million metric tons (MMT), 12 percent lower than last year's year-to-date total of 10.9 MMT.

Net sales of 665,300 MT for the 2012/2013 marketing year were up 29 percent from the previous week and 49 percent from the prior 4-week average, and exceeded trade estimates of 450,000 to 550,000 MT. Increases were primarily for Nigeria (22,594 HRW), South Korea (19,800 HRW, 13,700 HRS, 23,300 white), Japan (669 HRW, 2,967 HRS, 47,973 white), Dominican Republic (25,600 HRW, 17,000 HRS, 8,400 SRW), Mexico (20,651 HRW, 1,167 SRW), Peru (30,000 HRW, 16,000 SRW), and The Philippines (33,900 HRS, 21,500 white).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 29 percent of total projected exports, down from the five-year average of 38 percent of exports committed by this date.

(See attached file: CS 1200809.pdf) (See attached file: CS 1200809.xls)
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