June 11, 2009
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 2009/10 marketing year, through June 4, 2009, were 3.486 million metric tons (MMT), 54 percent lower than last year's year-to-date total of 7.544 MMT.
Net sales for the 2009/10 marketing year, which began June 1, totaled 353,900 metric tons. Increases reported for Nigeria (71,600 MT, including 25,000 MT switched from unknown destinations), the Philippines (68,000 MT), Colombia (47,000 MT), Thailand (40,000 MT), South Korea (37,900 MT), and Indonesia (35,000 MT), were partially offset by decreases for unknown destinations (27,000 MT) and Guatemala (9,900 MT). A total 630,700 MT in sales were carried over from the 2008/09 marketing year, which ended May 31.
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.490 MMT. Commitments to date (of wheat and wheat products) are 14 percent of total projected exports, down from the 5-year average of 19 percent of exports committed by this date.
(See attached file: CS 090604.pdf)(See attached file: CS 090604.xlsx)