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September 19, 2013

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 12, 2013 were 17.1 million metric tons (MMT), 38 percent greater than last year's year-to-date total of 12.3 MMT.

Net sales of 704,400 MT for delivery in the 2013/2014 marketing year were up 30 percent from the previous week and 25 percent from the prior 4-week average, and above trade expectations of 500,000 to 650,000 MT. Increases were primarily for Nigeria (159,200 HRW), Brazil (120,386 HRW), Mexico (37,045 HRW, 9,567 HRS, 47,198 SRW), Sri Lanka (21,038 HRS, 42,495 white), Venezuela (14,500 HRW, 45,000 HRS, 2,150 durum), and The Philippines (6,800 HRS, 38,000 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 57 percent of total projected exports, up from the five-year average of 50 percent of exports committed by this date.

(See attached file: CS 130919.pdf) (See attached file: CS 130919.xls)
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