April 7, 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 March 31, 2011 were 33.842 million metric tons (MMT), 58 percent greater than last year's year-to-date total of 21.432 MMT.
Net sales of 458,800 MT for the 2010/11 marketing year were up 69 percent from the previous week, but down 15 percent from the prior 4-week average, and exceeded trade estimates of 350,000 to 450,000 MT. Increases were reported for Nigeria (107,908 HRW), Iraq (100,000 HRW), Taiwan (13,980 HRW, 46,110 HRS, 9,300 white), Turkey (58,670 HRW), Canada (57,000 HRS), and Saudi Arabia (52,250 HRS). Net sales of 264,100 MT for delivery in 2011/12 were mainly for Colombia (37,361 HRW, 12,500 HRS, 5,000 SRW), unknown destinations (50,000 HRW), Indonesia (35,000 HRS), and Venezuela (12,000 HRW, 14,000 HRS).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the five-year average of 101 percent of exports committed by this date.
(See attached file: CS 110407.pdf)(See attached file: CS 110407.xls)