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September 27, 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 September 20, 2012 were 12.8 million metric tons (MMT), 10 percent lower than last year's year-to-date total of 14.2 MMT.

Net sales of 426,000 MT for the 2012/2013 marketing year were down 13 percent from the previous week and 12 percent from the prior 4-week average, and within trade estimates of 400,000 to 550,000 MT. Increases were primarily for Philippines (-400 HRW, 55,800 HRS, 35,900 white), Japan (35,198 HRW, 21,757 HRS, 25,758 white), Nigeria (58,000 HRW), South Korea (9,000 HRW, 19,330 HRS, 200 SRW, 24,050 white), Thailand (12,124 HRW, 22,361 HRS, 16,114 white), Mexico (6,341 HRW, 141 HRS, 30,699 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 39 percent of total projected exports, down from the five-year average of 57 percent of exports committed by this date.

(See attached file: CS 1200927.pdf) (See attached file: CS 1200927.xls)
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