USDA Estimates Recovery in U.S. Weekly Wheat Exports During April 18-25, 2013

As per the latest weekly release by the United States Department of Agriculture ( USDA ) , the weekly U.S. wheat net sales during April 18-25, 2013 were reported at 219,200 MT ( metric tonnes ) for delivery in the 2012/2013 marketing year were up noticeably from the previous week, but down 14 percent from the prior 4-week average.
Increases reported for Spain (70,000 MT, including 65,000 MT switched from unknown destinations), Egypt (64,700 MT, including 60,000 MT switched from unknown destinations), Sudan (58,800 MT, including 55,000 MT switched from unknown destinations), Nigeria (46,100 MT, including 14,000 MT switched from unknown destinations), Japan (45,300 MT), and Italy (41,400 MT), were partially offset by decreases for unknown destinations (225,700 MT), Trinidad (13,900 MT), and Honduras (2,000 MT).
Net sales of 497,300 MT for delivery in the 2013/2014 marketing year were primarily for Guatemala (184,000 MT), unknown destinations (100,800 MT), Thailand (55,000 MT), and Mexico (53,000 MT). Exports of 845,200 MT--a marketing-year high--were up 56 percent from the previous and 34 percent from the prior 4-week average.
Source by Commodity Insights