May 12, 2011
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 May 5, 2011 were 35.280 million metric tons (MMT), 58 percent greater than last year's year-to-date total of 22.267 MMT.
Net sales of 320,600 MT for the 2010/11 marketing year were up 17 percent from the previous week and 15 percent from the prior 4-week average. Increases were reported for Peru (72,041 HRW), Colombia (42,468 HRW, 15,200 HRS, 1,500 SRW), Saudi Arabia (57,750 HRW), Nigeria (30,447 HRW, 16,486 SRW), Israel (36,802 HRW), Guatemala (15,860 HRW, 7,500 HRS, 9,490 white), Venezuela (15,900 HRW), and El Salvador (4,950 HRW, 1,300 HRS, 5,000 white). Net sales of 229,900 MT for delivery in 2011/2012 were mainly for Nigeria (75,000 HRW), the Philippines (39,000 white), South Korea (5,400 HRW, 11,500 HRS, 10,000 white), and Italy (20,000 durum).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 102 percent of total projected exports, down from the five-year average of 104 percent of exports committed by this date.
(See attached file: CS 110512.pdf)(See attached file: CS 110512.xls)