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November 4, 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 2010/11 marketing year, through October 28, 2010 were 20.018 million metric tons (MMT), 51 percent greater than last year's year-to-date total of 13.261 MMT.

Net sales of 565,600 MT for the 2010/11 marketing year were down 6 percent from the previous week and 4 percent from the prior 4-week average, but within trade estimates of 400,000 to 600,000 MT. Increases were reported for Mexico (13,783 HRW, 67,490 HRS, 2,716 SRW), Japan (59,505 HRS, 1,951 white), unknown destinations (82,500 HRW, -25,000 HRS, -1,500 SRW), South Africa (55,000 HRW), Taiwan (14,990 HRW, 26,430 HRS, 10,580 white), and Yemen (10,000 HRW, 40,000 white). Net sales of 44,000 MT for delivery in 2011/12 were for the Philippines (24,000 HRS, 20,000 white).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 59 percent of total projected exports, down from the five-year average of 68 percent of exports committed by this date.

(See attached file: CS 101104.pdf)(See attached file: CS 101104.xls)
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