May 5, 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 28, 2011 were 34.959 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 22.023 MMT.
Net sales of 273,900 MT for the 2010/11 marketing year were up 3 percent from the previous week, but down 16 percent from the prior 4-week average. Increases were reported for Indonesia (51,000 HRW, 33,000 HRS, 10,000 white), Japan (1,053 HRW, 63,010 HRS, 12,210 white), Vietnam (58,770 HRS), Saudi Arabia (56,604 HRW), Iraq (51,700 HRW), Tanzania (22,000 HRW), Mozambique (22,000 HRW), and the Netherlands (20,000 durum). Net sales of 275,700 MT for delivery in 2011/2012 were mainly for Japan (50,245 HRW, 44,468 white), unknown destinations (50,000 HRW, 5,000 white), the Philippines (21,000 HRS, 20,000 white), and Colombia (30,000 HRW, 3,000 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 101 percent of total projected exports, down from the five-year average of 103 percent of exports committed by this date.
(See attached file: CS 110505.pdf)(See attached file: CS 110505.xls)