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June 4, 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 May 27, 2010 were 22.613 million metric tons (MMT), 15 percent lower than last year's year-to-date total of 26.631 MMT.

Net sales reductions of 53,200 metric tons resulted as increases for Mexico (3,842 HRW, 28,944 SRW), Brazil (25,286 HRW, 3,000 SRW), Algeria (21,715 durum), Japan (-5,340 HRW, -1,606 HRS, 22,660 white), Colombia (700 HRW, 10,793 SRW), and Canada (7,103 durum) were more than offset by decreases for unknown destinations (-94,500 HRW, -24 HRS, -10,000 white, -45,000 durum), Venezuela (-13,750 HRS, -7,000 SRW), Nigeria (-5,142 HRW), and Trinidad and Tobago (-2,500 HRW, -2,500 SRW). Net sales of 294,300 MT for delivery in 2010/11 were mainly for Mexico (13,158 HRW, 11,040 HRS, 62,385 SRW), unknown destinations (32,500 HRW, -11,500 HRS, -2,000 white, 35,000 durum), Guatemala (15,432 HRW, 5,000 HRS, 5,750 white), Israel (23,486 HRW), and El Salvador (8,100 HRW, 6,500 HRS, 6,250 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 97 percent of total projected exports, down from the 5-year average of 104 percent of exports committed by this date.

(See attached file: CS 100527.pdf)(See attached file: CS 100527.xls)
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