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July 1, 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 June 24, 2010 were 6.272 million metric tons (MMT), 44 percent greater than last year's year-to-date total of 4.365 MMT.

Net sales 418,400 MT for the 2010/11 marketing year were down 42 percent from the previous week, but within trade estimates of 350,000 to 450,000 MT. Increases were reported for Mexico (66,458 HRW, 758 HRS, 76,610 SRW), Japan (22,660 HRW, 49,440 HRS, 46,350 white, 180 durum), Colombia (819 HRW, 1,600 HRS, 33,499 SRW), South Korea (4,340 HRW, 5,343 HRS, 33 SRW, 15,841 white), Brazil (25,000 HRW), and Nigeria (12,000 white).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 24.49 MMT. Commitments to date (of wheat and wheat products) are 26 percent of total projected exports, up from the 5-year average of 23 percent of exports committed by this date.

(See attached file: CS 100701.pdf)(See attached file: CS 100701.xls)
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