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February 22, 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 2012/13 marketing year, through February 14, 2013 were 22.3 million metric tons (MMT), 5 percent lower than last year's year-to-date total of 23.5 MMT.

Net sales of 699,300 MT for the 2012/2013 marketing year were up 7 percent from the previous week and 55 percent from the prior 4-week average, and above trade estimates of 400,000 to 600,000 MT. Increases were primarily for Japan (27,707 HRW, 18,994 HRS, 70,534 white), China (140,000 HRS, 1,000 SRW, -55,000 white), Turkey (81,560 SRW), Philippines (26,000 HRS, 28,500 white), Thailand (10,000 HRW, 22,021 HRS, 12,000 white), and Nigeria (10,000 HRW, 34,000 SRW).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 28.6 MMT. Commitments to date (of wheat and wheat products) are 78 percent of total projected exports, down from the five-year average of 91 percent of exports committed by this date.

(See attached file: CS 130221.pdf) (See attached file: CS 130221.xls)
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