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July 9, 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 July 2, 2009, were 4.949 million metric tons (MMT), 50 percent lower than last year's year-to-date total of 9.866 MMT.

Net sales of 584,200 metric tons were up noticeably from the previous week and exceeded trade estimates of 250,000 to 400,000 MT. Increases were reported for Japan (21,250 HRW, 37,200 HRS, 29,000 white), Taiwan (35,094 HRW, 38,320 HRS, 100 SRW, 10,884 white), South Korea (12,800 HRW, 21,900 HRS, 7 SRW, 30,100 white), Indonesia (25,000 HRW, 33,740 white), Venezuela (17,499 HRW, 24,500 HRS, 8,500 SRW, 5,000 durum), Philippines (33,500 HRS, 19,696 white), and Nigeria (34,000 HRS, 11,490 SRW, 6,453 durum). Decreases were reported for Jamaica (2,200 MT), Panama (1,300 MT), Barbados (1,200 MT), and Iran (1,100 MT).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.490 MMT. Commitments to date (of wheat and wheat products) are 20 percent below total projected exports, down from the 5-year average of 27 percent of exports committed by this date.

(See attached file: CS 090702.xlsx)(See attached file: CS 090702.pdf)
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