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July 22, 2010

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 July 15, 2010 were 7.477 million metric tons (MMT), 31 percent greater than last year's year-to-date total of 5.714 MMT.

Net sales 382,100 MT for the 2010/11 marketing year were up 24 percent from the previous week, but down 22 percent from the prior 4-week average, and within trade estimates of 350,000 to 450,000 MT. Increases were reported for Mexico (28,685 HRW, 10,022 HRS, 6,737 SRW, 13,472 white), Colombia (8,186 HRW, 20,000 HRS, 4,453 SRW, 16,000 white), Nigeria (30,051 HRW, 18,000 HRS), Guatemala (16,450 HRW, 4,925 HRS, 5,950 white), South Africa (27,000 HRW), and Algeria (22,000 durum).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 28 percent of total projected exports, down from the 5-year average of 29 percent of exports committed by this date.

(See attached file: CS 100722.pdf)(See attached file: CS 100722.xls)
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