U.S. wheat export sales up 50% in latest week

by Ron Sterk
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KANSAS CITY — U.S. wheat net export sales during the week ended Nov. 8 increased 50% from a week earlier, but the 314,600 tonnes sold for shipment in 2012-13 still were down 19% from the prior four-week average, the U.S. Department of Agriculture said in its latest Export Sales report.

The weekly sales total was within trade expectations that ranged from 200,000 to 400,000 tonnes for the week.

Increases in sales were reported for the Philippines with 99,700 tonnes, Nigeria with 81,000 tonnes, Mexico with 46,000 tonnes, Chile with 33,000 tonnes, South Korea with 22,500 tonnes and Portugal with 20,000 tonnes. Net decreases were reported for Dominican Republic (8,200 tonnes), Barbados (2,400 tonnes) and “unknown” (3,000 tonnes).

Wheat exports during the week ended Nov. 8 totaled 298,500 tonnes, down 24% from a week earlier but even with the four-week average, the U.S.D.A. said.

Net export sales of U.S. corn during the week ended Nov. 8 totaled 103,900 tonnes for 2012-13 and 208,200 tonnes for delivery in 2013-14. Japan was the largest buyer in both years.

Soybean net sales for the week were 559,700 tonnes for 2012-13 and 25,500 tonnes for 2013-14. China was the primary buyer for the current year.

The two-year totals for both corn and soybeans were above the range of trade expectations.

For the respective marketing years through Nov. 8, total export sales commitments for 2012-13 for wheat were 10% below the same period last year, for corn were 48% below but for soybeans were 33% above, the U.S.D.A. said.

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