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January 26, 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 2008/09 marketing year, through January 15, 2009, were 22.332 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 30.288 MMT.

Sales for the period of January 9 to January 15, 2009 were 410,300 metric tons, up significantly from the previous week and double the prior 4-week average. Increases reported for Japan (28,375 HRW, 40,042 HRS, 28,780 white), Taiwan (25,590 HRW, 55,050 HRS, 9,780 white), Nigeria (65,200 HRW, 15,262 SRW), Philippines (60,000 HRS, 16,000 white), Brazil (28,000 HRW) were partially offset by reductions to Guatemala (-6,000 HRW, -1,500 HRS, -20,108 SRW) and unknown destinations (3,000 HRW, -15,262 SRW).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 82 percent of total projected exports, down from the 5-year average of 84 percent of exports committed by this date.

(See attached file: CS 090115.pdf) (See attached file: CS 090115.xlsx)
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