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June 14, 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 June 7, 2012 were 5.55 million metric tons (MMT), 22 percent lower than last year's year-to-date total of 7.09 MMT.

Net sales of 432,900 MT exceeded trade estimates of 250,000 to 350,000 MT. Increases were primarily for Nigeria (102,300 HRW, 1,100 SRW), Indonesia (20,016 HRS, 55,000 white), Thailand (10,650 HRW, 51,713 HRS, 11,600 white), Japan (12,240 HRW, 39,564 HRS, 12,910 white), Taiwan (12,950 HRW, 23,850 HRS, 11,950 white), and Mexico (7,871 HRW, 638 HRS, 229 SRW, 28,500 white).

USDA forecasts 2012/13 U.S. wheat exports (including donations) to reach 31.3 MMT. Commitments to date (of wheat and wheat products) are 18 percent of total projected exports, down from the five-year average of 20 percent of exports committed by this date.

(See attached file: CS 120614.pdf) (See attached file: CS 120614.xls)
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