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 2013/14 marketing year, through September 19, 2013 were 17.7 million metric tons (MMT), 38 percent greater than last year's year-to-date total of 12.8 MMT.
Net sales of 620,200 MT for delivery in the 2013/2014 marketing year were down 12 percent from the previous week, but up 1 percent from the prior 4-week average, and within trade expectations of 500,000 to 700,000 MT. Increases were primarily for China (52,250 HRS, 119,163 SRW), Mexico (66,343 HRW, 22,181 HRS, 18,969 SRW, -1,365 white), Indonesia (11,710 HRS, 65,758 white), Brazil (69,777 HRW, 4,997 SRW), Japan (50,890 HRW, 21,011 white) and South Korea (11,000 HRW, 12,500 HRS, -22 SRW, 31,000 white).
USDA forecasts 2013/14 U.S. wheat exports (including donations) to reach 29.9 MMT. Commitments to date (of wheat and wheat products) are 59 percent of total projected exports, up from the five-year average of 52 percent of exports committed by this date.
(See attached file: CS 130926.pdf) (See attached file: CS 130926.xls)