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December 11, 2008

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 2008/09 marketing year, through December 4, 2008, were 20.858 million metric tons (MMT), 27 percent lower than last year's year-to-date total of 28.661 MMT.

Sales for the period of November 28 to December 4, 2008 were 239,300 metric tons were up 15 percent from the previous week, but down 32 percent from the prior 4-week average. Increases reported for Japan (18,620 HRW, 28,793 HRS, 37,000 white), Colombia (25,000 HRW, 46,500 HRS), Iran (57,621 white), Thailand (23,000 HRS, 6,000 white), Mexico (13,750 HRW, 199 HRS, -172 SRW), Dominican Republic (3,500 HRW, 3,000 HRS, 5,000 SRW) were partially offset by reductions for unknown (12,056 SRW, -60,000 white Guatemala), (-6,553 SRW), and Venezuela (-4,000 HRW).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 77 percent of total projected exports, above the 5-year average 75 percent of exports committed by this date.

(See attached file: CS 081204.pdf) (See attached file: CS 081204.xls)
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