November 30, 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 2009/10 marketing year, through November 19, 2009, were 14.386 million metric tons (MMT), 30 percent lower than last year's year-to-date total of 20.411 MMT.
Net sales of 351,200 metric tons were down 3 percent from the previous week and unchanged from the prior 4-week average, but within trade estimates of 350,000 to 450,000 MT. Increases were reported for Philippines (76,187 HRS, 24,000 white), Japan (44,108 HRW, 40,890 HRS, 730 white), Mexico (41,683 HRW, 2,184 SRW), Spain (36,500 HRS), Nigeria (33,651 HRW), South Korea (7,787 HRW, 9,440 HRS, 445 SRW, 11,239 white), Guatemala (12,773 HRW, 10,291 HRS, 3,325 white), Morocco (21,091 HRS), and Algeria (20,600 durum).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.81 MMT. Commitments to date (of wheat and wheat products) are 62 percent below total projected exports, down from the 5-year average of 74 percent of exports committed by this date.
(See attached file: CS 091119.pdf)(See attached file: CS 091119.xls)