January 7, 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 2009/10 marketing year, through December 31, 2009, were 16.052 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 21.834 MMT.
Net sales of 93,400 metric tons--a marketing-year low--were down 75 percent from the previous week and 68 percent from the prior 4-week average, and below trade estimates of 250,000 to 450,000 MT. Increases were reported for Yemen (50,000 white), Nigeria (33,861 HRW, 1,000 SRW), Ecuador (7,283 HRW, 16,317 SRW), Israel (17,527 HRW), and Mexico (8,143 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.81 MMT. Commitments to date (of wheat and wheat products) are 69 percent below total projected exports, down from the 5-year average of 81 percent of exports committed by this date.
(See attached file: CS 091231.pdf)(See attached file: CS 091231.xls)