October 16, 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 October 8, 2009, were 12.006 million metric tons (MMT), 33 percent lower than last year's year-to-date total of 18.003 MMT.
Net sales of 480,200 metric tons were down 37 percent from the previous week and 14 percent from the prior 4-week average, but within trade estimates of 450,000 to 650,000 MT. Increases were reported for Japan (46,730 HRW, 60,140 HRS, 20,000 white, 58 durum), Nigeria (1,967 HRW, 28,000 HRS, 8,700 SRW), the Philippines (38,150 white), Canada (20,443 HRS, 3,149 white, 10,642 durum), Guatemala (19,090 HRW, 8,608 HRS, 5,360 white), United Arab Emirates (27,500 HRS), Colombia (25,548 HRW, 655 SRW), and Algeria (25,000 durum).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.49 MMT. Commitments to date (of wheat and wheat products) are 50 percent below total projected exports, down from the 5-year average of 63 percent of exports committed by this date.
(See attached file: CS 091008.pdf)(See attached file: CS 091008.xls)