May 21, 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 2008/09 marketing year, through May 14, 2009, were 26,438.9 million metric tons (MMT), 23 percent lower than last year's year-to-date total of 34,224.2 MMT.
Net sales of 20,200 metric tons--a marketing-year low--were down 80 percent from the previous week and 89 percent from the prior 4-week average. Increases reported for Nigeria (56,200 MT), Italy (39,600 MT), Peru (26,000 MT), Brazil (16,500 MT, including 15,000 MT switched from unknown destinations), and Colombia (5,000 MT), were partially offset by decreases for Iran (60,000 MT, switched to 2009/10 marketing year), Thailand (50,600 MT, switched to 2009/10 marketing year), Japan (14,600 MT), and unknown destinations (9,600 MT). Net sales of 543,300 MT for delivery in 2009/10 were primarily for unknown destinations (145,000 MT), South Korea (65,400 MT), Iran (60,000 MT), Thailand (50,600 MT), Yemen (50,000 MT), and Japan (41,200 MT).
USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.490 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 090514.pdf)(See attached file: CS 090514.xlsx)