February 19, 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 February 11, 2010 were 19.096 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 23.527 MMT.
Net sales of 408,900 metric tons for delivery in 2009/10 were down 25 percent from the previous week and 33 percent from the prior 4-week average, but within trade estimates of 350,000 to 450,000 MT. Increases were reported for Nigeria (162,925 HRW), Japan (24,270 HRW, 47,380 HRS, 11,570 white), Mexico (37,277 HRW, 13,822 HRS, 12,223 SRW), South Korea (4,900 HRW, 13,250 HRS, 487 SRW, 13,350 white), the Philippines (24,000 HRS, 6,814 white), Morocco (-160 HRW, 30,000 HRS), and Canada (25,000 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 88 percent of total projected exports, down from the 5-year average of 90 percent of exports committed by this date.
(See attached file: CS 100211.pdf)(See attached file: CS 100211.xls)