August 16, 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 9, 2012 were 9.98 million metric tons (MMT), 13 percent lower than last year's year-to-date total of 11.5 MMT.
Net sales of 396,700 MT for the 2012/2013 marketing year were down 40 percent from the previous week and 26 percent from the prior 4-week average, and fell below trade estimates of 450,000 to 550,000 MT. Increases were primarily for Indonesia (45,000 HRW, 10,000 HRS, 98,000 white), Japan (31,310 HRW, 66,613 HRS, 24,505 white), Nigeria (47,566 HRW, 15,000 SRW), Mexico (18,549 HRW, 8,000 HRS, 15,539 SRW), Chile (13,007 HRW, 25,494 white), South Korea (8,833 HRW, 6,070 HRS, 20,784 white), and Guatemala (17,500 HRW, 7,585 HRS, 6,635 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 32.7 MMT. Commitments to date (of wheat and wheat products) are 31 percent of total projected exports, down from the five-year average of 42 percent of exports committed by this date.
(See attached file: CS 1200816.pdf) (See attached file: CS 1200816.xls)