June 27, 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 2013/14 marketing year, through June 20, 2013 were 8.57 million metric tons (MMT), 28 percent greater than last year's year-to-date total of 6.71 MMT.
Net sales of 731,800 MT for delivery in the 2013/2014 marketing year were above trade estimates of 350,000 to 550,000 MT. Increases were primarily for the Brazil (119,300 MT, including 55,000 MT switched from unknown destinations), Taiwan (113,400 MT, including 26,600 MT switched from unknown destinations), Peru (99,000 MT), Japan (89,500 MT), Nigeria (82,300 MT, including 30,000 MT switched from unknown destinations), and unknown destinations (76,600 MT, including 25,000 MT switched from China).
USDA forecasts 2013/14 U.S. wheat exports (including donations) to reach 26.5 MMT. Commitments to date (of wheat and wheat products) are 32 percent of total projected exports, up from the five-year average of 25 percent of exports committed by this date.
(See attached file: CS 130627.pdf) (See attached file: CS 130627.xls)