December 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 December 20, 2012 were 18.7 million metric tons (MMT), 4 percent lower than last year's year-to-date total of 19.5 MMT.
Net sales of 1,009,000 MT for the 2012/2013 marketing year were up 55 percent from the previous week and up noticeably from the prior 4-week average, and well above trade estimates of 500,000 to 700,000 MT. Increases were primarily for Egypt (110,000 HRW, 240,000 SRW, 55,000 white), Unknown (63,000 HRW, 82,000 SRW, 15,500 durum), Nigeria (117,500 HRW, 9,188 durum), Japan (46,295 HRW, 27,525 HRS, 34,675 white), and Turkey (45,000 HRW, 18,000 SRW, -484 durum).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 28.6 MMT. Commitments to date (of wheat and wheat products) are 66 percent of total projected exports, down from the five-year average of 79 percent of exports committed by this date.
(See attached file: CS 121227.pdf) (See attached file: CS 121227.xls)