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June 18, 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 June 11, 2009, were 3.754 million metric tons (MMT), 54 percent lower than last year's year-to-date total of 8.082 MMT.

Sales for the period of June 5 to June 11, 2009 were 268,800 metric tons, down from 353,900 the previous week. Increases reported for Japan (12,360 HRW, 35,060 HRS, 14,240 white), Indonesia (5,000 HRS, 53,000 white), Egypt (55,000 SRW), Taiwan (22,146 HRW, 18,753 HRS, 8,892 white), Nigeria (32,500 HRW, 26 HRS, 1,700 SRW, 11,781 durum), Venezuela (4,000 HRW, 9,243 HRS, 350 SRW) and Mexico (11,950 HRW, 156 HRS, 17 SRW) were partially offset by decreases for unknown destinations (-5,000 HRS, -4,000 SRW, -51,000 white, 5,500 durum), Yemen (-4,550 white), Philippines (-1,262 HRS, -780 white) and Thailand (-370 HRW, -1,630 white).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.490 MMT. Commitments to date (of wheat and wheat products) are 15 percent of total projected exports, down from the 5-year average of 24 percent of exports committed by this date.

(See attached file: CS 090611.pdf) (See attached file: CS 090611.xlsx)
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