April 18, 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 April 11, 2013 were 26.2 million metric tons (MMT), 2 percent lower than last year's year-to-date total of 26.6 MMT.
Net sales of 552,100 MT for the 2012/2013 marketing year were up noticeably from the previous week and 51 percent from the prior 4-week average, and well above trade expectations of 50,000 to 325,000 MT. Increases were primarily for Algeria (110,000 durum), Japan (-6,345 HRW, 22,673 HRS, 52,990 SRW, 20,352 white), Nigeria (73,511 HRW), Sri Lanka (23,310 HRS, 40,787 white), Taiwan (13,965 HRW, 20,821 HRS, 10,400 white), and Guatemala (20,800 HRW, 9,100 HRS, 13,100 white).
USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 94 percent of total projected exports, down from the five-year average of 101 percent of exports committed by this date.
(See attached file: CS 130418.pdf) (See attached file: CS 130418.xls)