August 4, 2011
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 2011/12 marketing year, through July 28, 2011 were 10.561 million metric tons (MMT), 14 percent greater than last year's year-to-date total of 9.251 MMT.
Net sales of 499,600 MT for the 2011/12 marketing year were up 5 percent from the previous week and 14 percent from the prior 4-week average, and within trade estimates of 350,000 MT to 500,000 MT. Increases were primarily for Japan (73,421 HRW, 1,660 HRS, 42,258 white), Mexico (61,357 HRW, 1,460 HRS, 40,546 SRW), Nigeria (50,800 HRW, 9,000 white), Mozambique (44,000 HRW), Chile (17,899 HRW, 6,019 HRS, 17,600 white), and Guatemala (15,472 HRW, 3,746 HRS, 8,518 white, 2,185 durum).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 31.30 MMT. Commitments to date (of wheat and wheat products) are 34 percent of total projected exports, down from the five-year average of 35 percent of exports committed by this date.
(See attached file: CS 110804.pdf)(See attached file: CS 110804.xls)