July 28, 2011
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 2011/12 marketing year, through July 21, 2011 were 10.062 million metric tons (MMT), 20 percent greater than last year's year-to-date total of 8.397 MMT.
Net sales of 473,800 MT for the 2011/12 marketing year were up 38 percent from the previous week and 3 percent from the prior 4-week average, and within trade estimates of 300,000 MT to 500,000 MT. Increases were primarily for Mexico (86,323 HRW, 86 HRS, 7,161 SRW), Japan (250 HRW, 64,857 HRS), Iraq (12,727 HRW, 51,447 HRS), Italy (50,500 durum), China (50,000 white), and unknown destinations (300 HRW, 20,750 HRS, 3,800 white, 25,000 durum).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 31.30 MMT. Commitments to date (of wheat and wheat products) are 32 percent of total projected exports, equal to the five-year average of 32 percent of exports committed by this date.
(See attached file: CS 110728.pdf)(See attached file: CS 110728.xls)