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A Look at Who’s Been Buying Your Wheat
U.S. wheat exports in 2004/05 (ending May 31; the 2005/06 wheat marketing year began June 1) were estimated at 28.58 million metric ton, about 2 MMT higher than initial forecasts.
The top ten importing countries for all U.S. wheat in 2004/05 were: 1) Japan, 3.1 MMT; 2) Mexico, 2.7 MMT; 3) Nigeria, 2.5 MMT; 4) China, 2 MMT; 5) Egypt, 1.9 MMT; 6) Philippines, 1.79 MMT;
7) South Korea, 1.3 MMT; 8) Taiwan, 971 TMT; 9) Italy, 762 TMT; and 10) Colombia, 743 TMT.
The following graphs, with data courtesy of the North Dakota Wheat Commission, illustrate the top buyers of hard red spring wheat and durum in 2004/05 and the past five years, as well as top
buyers by global region over the past decade.
The U.S. exported $6.62 billion worth of wheat and wheat products in federal fiscal year 2004, which was a 5-year high, according to the USDA-ERS.
However, it appears that the U.S. will face strong export competition in 2005/06, including Canada with a higher quality crop expected to be on the way compared to last year; the European Union, which has large stocks and strong production on hand; and the Former Soviet Union, where good production is expected to increase Black Sea exports.
Top 10 Markets for U.S. HRS & Durum (2004-05 Mil. Bu.)
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HRS
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|
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Japan
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51.4
|
|
Philippines
|
37.5
|
|
China
|
34.9
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Taiwan
|
21.6
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Italy
|
19.4
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|
Spain
|
16.3
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Venezuela
|
14.9
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South Korea
|
14.0
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Mexico
|
9.5
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Thailand
|
7.4
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DURUM
|
|
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Algeria
|
10.3
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Italy
|
7.9
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Venezuela
|
2.6
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Nigeria
|
1.5
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Rep. S Africa
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0.8
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Costa Rica
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0.8
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Dom. Republic
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0.6
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Cuba
|
0.6
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Chile
|
0.4
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Cyprus
|
0.2
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Top 10 Markets for U.S. HRS & Durum Five-Year Average (MY 00-01 to 04-05 Mil. Bu.)
|
HRS
|
|
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Japan
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48.3
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|
Philippines
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27.0
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Taiwan
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22.3
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Italy
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18.6
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South Korea
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13.8
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China
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12.8
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Venezuela
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10.3
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Spain
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9.6
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Thailand
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6.7
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Dom. Republic
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5.9
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DURUM
|
|
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Italy
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13.7
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Algeria
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8.8
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Venezuela
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2.4
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Tunisia
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2.2
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Netherlands
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0.9
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|
Morocco
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0.9
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Nigeria
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0.8
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Dom. Republic
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0.8
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Costa Rica
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0.8
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Belgium
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0.5
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|
|
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95/96
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96/97
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97/98
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98/99
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99/00
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00/01
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01/02
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02/03
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03/04
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04/05
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U.S. Spring Wheat Export Trends by Global Region 1995-2005
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Europe
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20.5
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27.9
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30.7
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42.7
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38
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37.1
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35.8
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37.6
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55
|
48.4
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Africa/Mid East
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53.3
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46
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20.9
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19
|
14
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17.8
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13
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15.7
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16
|
18.9
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C. & S. America
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87.5
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81.3
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56
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49.3
|
40
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44.5
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43.9
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65.8
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58
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68.7
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Asia
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166.1
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137.5
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128.2
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137.1
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129.6
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126.9
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128.7
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136.2
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136
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172.1
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Leading Asian Markets for Spring Wheat
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Japan
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48.3
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45.5
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50.3
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49.5
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48.2
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45.3
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49.3
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47.2
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48.3
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51.4
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Philippines
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49.4
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42.5
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32.1
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38.5
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37.1
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23.2
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25.7
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31.3
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17.4
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37.5
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Korea
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13.4
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15.7
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13.8
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12.3
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12.4
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14.5
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12.8
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13.3
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14.3
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14
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Taiwan
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17.9
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18.2
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20.9
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19.4
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21
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24.1
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21.1
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21.4
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23.1
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21.6
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Thailand
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8
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4.4
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5
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6.1
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5.3
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8
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6
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5.3
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7.1
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7.4
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Leading European Markets for Spring Wheat
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Italy
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4.4
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7.8
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10.7
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12.7
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15.5
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16.8
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16.1
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15.7
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24.8
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19.4
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Spain
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2.5
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2
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7.9
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9.9
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8
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4.2
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6.5
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5.9
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1.4
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16.3
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UK
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1.5
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2.4
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3.9
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5
|
3.7
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3.3
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3.6
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3.9
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5.9
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2.7
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Belgium
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5.1
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4
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5.6
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11.3
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5.7
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6.5
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6
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3.3
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2
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5.6
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Leading W Hemisphere Export Markets for Spring Wheat
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Venezuela
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14.5
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15.3
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11.9
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12
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5.7
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6.5
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5.1
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10.9
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14.4
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14.9
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Dom. Republic
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6.6
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6.7
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8.1
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8.4
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7
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5.6
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6.2
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6
|
5
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6.7
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Costa Rica
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4.4
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3.3
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4.3
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2.7
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3
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2.8
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3
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3.9
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3.6
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3.3
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Guatemala
|
4.3
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3.2
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0.9
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0.4
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1.5
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1.1
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1.3
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5.3
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1.1
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1.4
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Mexico
|
5
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8.7
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0.8
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0.08
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0.03
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2
|
3.3
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6
|
7.4
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9.5
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U.S. Durum Export Trends
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Europe
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8.3
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12.9
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19.2
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15.2
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13.9
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17.5
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28.7
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11.1
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14
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8
|
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Africa/Mid East
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17.2
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16.4
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20.7
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14.7
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19.9
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21
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9.5
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10.9
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15
|
12.8
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C. & S. America
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7.5
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6.2
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