April 8, 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 2009/10 marketing year, through April 1, 2010 were 21.432 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 25.592 MMT.
Net sales of 323,700 metric tons for delivery in 2009/10 were down 25 percent from the previous week and 16 percent from the prior 4-week average, but within trade estimates of 250,000 to 450,000 MT. Increases were reported for the Philippines (35,000 HRS, 31,075 white), China (55,000 HRS, 620 white), Taiwan (18,650 HRW, 29,050 HRS), Japan (59,740 HRS, -14,420 white), and South Africa (31,941 SRW). Net sales of 209,700 MT for delivery in 2010/11 were mainly for Nigeria (210,000 HRW) and South Korea (4,900 HRW, 8,600 HRS, 9,500 white).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 96 percent of total projected exports, down from the 5-year average of 99 percent of exports committed by this date.
(See attached file: CS 100401.pdf)(See attached file: CS 100401.xls)