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December 8, 2008

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 November 27, 2008, were 20.619 million metric tons (MMT), 27 percent lower than last year's year-to-date total of 28.147 MMT.

Sales for the period of November 21 to November 27, 2008 were a marketing year low 207,600 metric tons, down 53 percent from the previous week and 47 percent from the prior 4-week average. Increases reported for Philippines (1 HRW, 30,000 HRS, 23,613 white), Yemen (50,000 white), Nigeria (2,200 HRW, 17,594 SRW, 10,000 white), Ecuador (11,385 HRW, 11,556 SRW), Italy (21,000 durum), Dominican Republic (9,000 HRW, 9,000 HRS, 2,000 SRW), Unknown (-10,000 HRW, -7,000 HRS, -27,594 SRW, 60,000 white) were partially offset by reductions for Singapore (-25,000 HRS, -20,000 white), Guatemala (-4,000 HRW, -3,952 HRS) .

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 76 percent of total projected exports, above the 5-year average 73 percent of exports committed by this date.

(See attached file: CS 081127.pdf) (See attached file: CS 081127.xlsx)
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