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March 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 March 21, 2013 were 25.3 million metric tons (MMT), less than 1 percent lower than last year's year-to-date total of 25.4 MMT.

Net sales of 580,300 MT for the 2012/2013 marketing year were up 20 percent from the previous week, but down 2 percent from the prior 4-week average, and above trade expectations of 200,000 to 475,000 MT. Increases were primarily for Brazil (166,500 HRW, 15,000 SRW), Japan (23,106 HRW, 134,227 HRS, -31,278 SRW, 23,544 white), Guatemala (45,532 HRW, 18,747 HRS, 7,600 white, 2,500 durum), Peru (55,000 HRW, 800 SRW), Thailand (5,000 HRW, 25,000 HRS, 16,500 white), and the Dominican Republic (19,400 HRW, 13,727 HRS, 8,200 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 91 percent of total projected exports, down from the five-year average of 98 percent of exports committed by this date.

(See attached file: CS 130328.pdf) (See attached file: CS 130328.xls)
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