September 24, 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 2009/10 marketing year, through September 17, 2009, were 10.231 million metric tons (MMT), 38 percent lower than last year's year-to-date total of 16.403 MMT.
Net sales of 506,900 metric tons were up 17 percent from the previous week, but down 1 percent from the prior 4-week average, and exceeded trade estimates of 300,000 to 500,000 MT. Increases were reported for Nigeria (74,170 HRW, -2 SRW), Philippines (38,000 HRS, 31,000 white), Japan (8,000 HRW, 43,440 HRS, 9,940 white), Colombia (36,300 HRW, 500 HRS, 800 SRW), Spain (37,506 HRS), Algeria (37,000 durum), Guatemala (17,300 HRW, 6,491 HRS, 1,800 SRW, 5,275 white), and Chile (23,850 HRW, 6,800 white).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 40 percent below total projected exports, down from the 5-year average of 56 percent of exports committed by this date.
(See attached file: CS 090917.pdf)(See attached file: CS 090917.xls)