Prospects for U.S. wheat sales remain
strong in 2012/13 and into the future. Global wheat demand is growing with
increasing incomes and urbanization. In the last three years, the world
has consumed more wheat than it has produced and available stocks, while
still sufficient, have declined overall. As of September 2012, USDA expected
2012/13 exports to reach more than 32 million metric tons or about 1.2
billion bushels. Results ultimately depend on weather, government actions
and many other factors.