July 9, 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 2010/11 marketing year, through July 1, 2010 were 6.785 million metric tons (MMT), 37 percent greater than last year's year-to-date total of 4.949 MMT.
Net sales 513,600 MT for the 2010/11 marketing year were up 23 percent from the previous week, and exceeded trade estimates of 350,000 to 450,000 MT. Increases were reported for Brazil (85,000 HRW), the Philippines (52,899 HRS, 27,792 white), Peru (65,117 HRW), Indonesia (51,500 HRW, 10,029 HRS), Thailand (18,630 HRW, 5,522 HRS, 26,651 white), and Chile (23,300 HRW, 18,508 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 28 percent of total projected exports, up from the 5-year average of 25 percent of exports committed by this date.
(See attached file: CS 100709.pdf)(See attached file: CS 100709.xls)