August 30, 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 August 23, 2012 were 10.9 million metric tons (MMT), 10 percent lower than last year's year-to-date total of 12.2 MMT.
Net sales of 508,400 MT for the 2012/2013 marketing year were up 8 percent from the previous week and 1 percent from the prior 4-week average, and within trade estimates of 450,000 to 600,000 MT. Increases were primarily for Nigeria (114,000 HRW, 10,500 SRW), Mexico (53,527 HRW, 38,500 HRS, 16,416 SRW), Taiwan (35,650 HRW, 46,000 HRS, 12,600 white), South Korea (16,200 HRW, 7,900 HRS, 22,450 white), the Philippines (8,800 HRS, 19,230 white), and Colombia (5,000 HRW, 12,908 SRW).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 34 percent of total projected exports, down from the five-year average of 47 percent of exports committed by this date.
(See attached file: CS 1200830.pdf) (See attached file: CS 1200830.xls)