August 12, 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 August 5, 2010 were 10.570 million metric tons (MMT), 44 percent greater than last year's year-to-date total of 7.321 MMT.
Net sales 1,329,700 MT for the 2010/11 marketing year were up 58 percent from the previous week and up noticeably from the prior 4-week average, and exceeded trade estimates of 800,000 to 1,000,000 MT. Increases were reported for unknown destinations (353,000 HRW, 10,000 HRS, 20,000 SRW, 31,000 white), Egypt (190,000 HRW), Japan (55,388 HRW, 88,838 HRS, 22,418 white), Yemen (25,000 HRW, 67,000 white), Nigeria (66,000 HRW, 13,580 SRW, 5,713 durum), the Philippines (41,400 HRS, 10,755 white), and Italy (30,500 HRS, 20,000 durum).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 32.66 MMT. Commitments to date (of wheat and wheat products) are 39 percent of total projected exports, equal to the five-year average of exports committed by this date.
(See attached file: CS 100812.pdf)(See attached file: CS 100812.xls)