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September 13, 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 September 6, 2012 were 11.9 million metric tons (MMT), 10 percent lower than last year's year-to-date total of 13.1 MMT.

Net sales of 381,800 MT for the 2012/2013 marketing year were down 31 percent from the previous week and 21 percent from the prior 4-week average, and below trade estimates of 450,000 to 600,000 MT. Increases were primarily for Mexico (29,247 HRW, 12,860 HRS, 44,484 SRW), China (57,000 MT), Taiwan (18,900 HRW, 25,450 HRS, 10,850 white), Yemen (50,000 white), Philippines (22,905 HRS, 23,650 white), Japan (782 HRW, 35,907 HRS, 1,477 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 36 percent of total projected exports, down from the five-year average of 52 percent of exports committed by this date.

(See attached file: CS 1200913.pdf) (See attached file: CS 1200913.xls)
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