According to the U.S. Department of Agriculture’s (USDA) weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2023/24 marketing year totaled 9.1 MMT, hovering 14% behind the 2022/23 pace, though this week’s sales are up 77 % from the previous week and a 51% increase from the prior 4-week average.

Net sales of 544,500 metric tons (MT) for 2023/2024 were reported primarily for the Philippines (62,100 HRS, 52,939 white), South Korea (18,590 HRW, 30,300 HRS, 41,510 white), Japan (35,182 HRW, 52,096 HRS, 700 white, 2,014 DUR), China (846 SRW, 68,250 HRS), Mexico (19,067 HRW, 27,493 HRS).

USDA forecasts 2023/24 U.S. wheat exports (including donations) to total 19.05 MMT. Commitments to date (of wheat and wheat products) are 48% of total projected exports.