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January 5, 2009

According to the U.S. Department of Agriculture's weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2008/09 marketing year, through December 25, 2008, were 21.792 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 29.270 MMT.

Sales for the period of December 19 to December 25, 2008 were 418,100 metric tons, up 65 percent from the previous week, and 74 percent from the prior 4-week average. Increases were reported for Guatemala (42,500 HRW, 24,500 HRS, 408 SRW, 15,000 white), Iran (60,600 white), Egypt (60,000 SRW), Sri Lanka (55,000 white), Israel (44,984 HRW), South Korea (5,800 HRW, 9,800 HRS, 22,800 white) and Philippines (1,500 HRW, 24,400 HRS, 11,600 white).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 80 percent of total projected exports, and on par with the 5-year average of 80 percent of exports committed by this date.

(See attached file: CS 081225.pdf) (See attached file: CS 081225.xlsx)
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