March 21, 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 March 14, 2013 were 24.7 million metric tons (MMT), 2 percent lower than last year's year-to-date total of 25.2 MMT.
Net sales of 484,500 MT for the 2012/2013 marketing year were down 46 percent from the previous week and 25 percent from the prior 4-week average, and within trade expectations of 450,000 to 800,000 MT. Increases were primarily for Nigeria (88,728 HRW, 4,257 durum), Spain (69,187 SRW), Turkey (65,619 SRW), Japan (23,163 HRW, 20,448 HRS, 21,784 white), Yemen (55,000 white), and China (54,979 SRW).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 89 percent of total projected exports, down from the five-year average of 97 percent of exports committed by this date.
(See attached file: CS 130321.pdf) (See attached file: CS 130321.xls)