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May 20, 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 May 13, 2010 were 22.518 million metric tons (MMT), 15 percent lower than last year's year-to-date total of 26.439 MMT.

Net sales of 250,500 metric tons for delivery in 2009/10 were up 3 percent from the previous week and 37 percent from the prior 4-week average. Increases were reported for Japan (45,474 HRW, 49,440 HRS, 54,590 white), unknown destinations (67,000 HRW, 9,091 HRS, 5,000 SRW, 20,000 durum), Mexico (8,074 HRW, 789 HRS, 8,396 SRW), Panama (5,950 HRW, 4,400 HRS, 3,100 SRW), and Peru (-357 HRW, 5,410 SRW, 200 white). Net sales of 205,200 MT for delivery in 2010/11 were mainly for unknown destinations (91,197 HRW, 22,342 HRS, 1,171 SRW), Taiwan (11,330 HRW, 18,730 HRS, 11,250 white), and the Philippines (38,000 HRS).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.54 MMT. Commitments to date (of wheat and wheat products) are 96 percent of total projected exports, down from the 5-year average of 104 percent of exports committed by this date.

(See attached file: CS 100513.pdf)(See attached file: CS 100513.xls)
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