December 23, 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 December 16, 2010, were 25.222 million metric tons (MMT), 62 percent greater than last year's year-to-date total of 15.589 MMT.
Net sales of 590,500 MT for the 2010/11 marketing year were down 34 percent from the previous week and 17 percent from the prior 4-week average, but within trade estimates of 550,000 to 750,000 MT. Increases were reported for Egypt (170,500 HRW), Jordan (151,160 HRW), Oman (61,596 HRS), Mexico (29,644 HRW, 217 HRS, 27,500 SRW), and Thailand (7,500 HRW, 25,000 HRS, 17,500 white). Net sales of 6,500 MT for delivery in 2011/12 were for Nicaragua (4,000 HRS) and Mexico (2,500 SRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 74 percent of total projected exports, down from the five-year average of 79 percent of exports committed by this date.
(See attached file: CS 101223.pdf)(See attached file: CS 101223.xls)