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March 18, 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 March 11, 2010 were 20.306 million metric tons (MMT), 18 percent lower than last year's year-to-date total of 24.641 MMT.

Net sales of 325,300 metric tons for delivery in 2009/10 were down 20 percent from the previous week, but up 1 percent from the prior 4-week average, and within trade estimates of 300,000 to 425,000 MT. Increases were reported for Japan (6,180 HRW, 61,521 HRS, 14,180 white), the Philippines (40,000 HRS, 10,000 white), Taiwan (14,800 HRW, 20,200 HRS, 14,150 white), Italy (35,842 durum), and Guatemala (6,853 HRW, 16,032 HRS, 3,400 white, 2,422 durum).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 93 percent of total projected exports, down from the 5-year average of 96 percent of exports committed by this date.

(See attached file: CS 100311.pdf)(See attached file: CS 100311.xls)
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