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May 14, 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 May 7, 2009, were 26.445 million metric tons (MMT), 23 percent lower than last year's year-to-date total of 34.126 MMT.

Sales for the period of May 1 to May 7, 2009 of 102,600 metric tons were down 60 percent from the previous week and 45 percent from the prior 4-week average. Increases reported for Japan (37,399 HRW, 12,990 HRS, 1,487 SRW, 6,420 white), Nigeria (25,000 HRW, 204 SRW), Haiti (15,312 HRW), Mozambique (6,600 HRS), and Mexico (4,016 HRW, 811 SRW). Net sales of 131,500 MT for delivery 2009/10 were primarily for Yemen (58,000 white) and Philippines (24,000 white).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 26.670 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the 5-year average of 105 percent of exports committed by this date.

(See attached file: CS 090507.pdf)(See attached file: CS 090507.xlsx)
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