September 2, 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 August 26, 2010 were 14.084 million metric tons (MMT), 61 percent greater than last year's year-to-date total of 8.738 MMT.
Net sales 1,024,100 MT for the 2010/11 marketing year were down 5 percent from the previous week and 12 percent from the prior 4-week average, but exceeded trade estimates of 750,000 to 950,000 MT. Increases were reported for Nigeria (171,742 HRW), Turkey (110,000 HRS, 15,750 durum), Mexico (41,358 HRW, 4,425 HRS, 43,699 SRW, 1,851 white), Egypt (83,258 HRW), unknown destinations (-63,001 HRW, 116,100 HRS, 9,117 durum), Taiwan (2,021 HRW, 50,080 HRS), and Japan (13,390 HRS, 38,360 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 32.66 MMT. Commitments to date (of wheat and wheat products) are 43 percent of total projected exports, down from the five-year average of 46 percent of exports committed by this date.
(See attached file: CS 100902.pdf)(See attached file: CS 100902.xls)