February 28, 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 21, 2013 were 22.7 million metric tons (MMT), 5 percent lower than last year's year-to-date total of 23.9 MMT.
Net sales of 372,600 MT for the 2012/2013 marketing year were down 47 percent from the previous week and 23 percent from the prior 4-week average. Increases were primarily for unknown destinations (33,900 HRW, 20,400 HRS, 97,500 SRW, -17,000 white), Brazil (56,500 HRW), Japan (20,670 HRW, 23,263 HRS, 46,360 SRW, -43,753 white), Chile (24,199 HRW, 14,300 white), Italy (31,612 HRS), and South Korea (4,500 HRW, 10,988 HRS, 550 SRW, 14,474 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 28.6 MMT. Commitments to date (of wheat and wheat products) are 80 percent of total projected exports, down from the five-year average of 93 percent of exports committed by this date.
(See attached file: CS 130228.pdf) (See attached file: CS 130228.xls)