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April 28, 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 2010/11 marketing year, through April 21, 2011 were 34.685 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 21.872 MMT.

Net sales of 265,000 MT for the 2010/11 marketing year were up 97 percent from the previous week, but down 19 percent from the prior 4-week average. Increases were reported for Peru (34,968 HRW, 16,499 SRW), Nigeria (41,180 HRW, -163 SRW), South Africa (19,032 HRW, 15,350 HRS), Venezuela (34,000 HRW), Guatemala (17,729 HRW, 6,121 HRS, 5,302 white, 2,407 durum), and Mexico (24,099 HRW, -328 HRS, -781 SRW, 1,215 white). Net sales of 153,200 MT for delivery in 2011/2012 were mainly for Taiwan (5,000 HRW, 29,000 HRS), Italy (31,000 durum), unknown destinations (27,500 HRW), and Peru (10,000 HRW, 10,000 SRW).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 100 percent of total projected exports, down from the five-year average of 102 percent of exports committed by this date.

(See attached file: CS 110428.pdf)(See attached file: CS 110428.xls)
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