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April 15, 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 2009/10 marketing year, through April 8, 2010 were 21.533 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 25.713 MMT.

Net sales of 101,100 metric tons for delivery in 2009/10 were down 69 percent from the previous week and 72 percent from the prior 4-week average. Increases were reported for Thailand (13,500 HRW, 12,800 HRS, 22,700 white), Taiwan (9,250 HRW, 12,050 HRS, 13,250 white), Nigeria (31,500 HRW), Guatemala (19,020 HRW, 4,724 HRS, 750 SRW, 3,906 white), and Japan (420 HRW, 14,420 HRS, 11,330 white). Net sales of 310,800 MT for delivery in 2010/11 were mainly for unknown destinations (61,250 HRW, 33,250 HRS, 31,500 white, 12,500 durum), Sri Lanka (54,997 white), and Japan (12,360 HRW, 29,390 HRS, 8,000 white).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.54 MMT. Commitments to date (of wheat and wheat products) are 92 percent of total projected exports, down from the 5-year average of 101 percent of exports committed by this date.

(See attached file: CS 100408.pdf)(See attached file: CS 100408.xls)
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