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May 17, 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 2011/12 marketing year, through May 10, 2012 were 27.8 million metric tons (MMT), 21 percent lower than last year's year-to-date total of 35.4 MMT.

Net sales of 321,800 MT were up 45 percent from the previous week and 5 percent from the prior 4-week average. Increases were primarily for South Korea (7,050 HRW, 10,000 HRS, -480 SRW, 71,150 white), Nigeria (70,025 HRW), Japan (14,760 HRW, 20,532 HRS, 13,328 white), Spain (28,296 SRW), Mexico (9,544 HRW, 2,846 HRS, 7,109 SRW, 4 durum), and Jamaica (15,875 HRS).

USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 101 percent of total projected exports, down from the five-year average of 104 percent of exports committed by this date.

(See attached file: CS 120517.pdf) (See attached file: CS 120517.xls)
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