November 26, 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 2010/11 marketing year, through November 18, 2010 were 22.538 million metric tons (MMT), 57 percent greater than last year's year-to-date total of 14.386 MMT.
Net sales of 745,200 MT for the 2010/11 marketing year were down 21 percent from the previous week, but up 1 percent from the prior 4-week average, and within trade estimates of 650,000 to 800,000 MT. Increases were reported for Egypt (61,195 HRW, 120,000 white), Mexico (52,956 HRW, 3,353 HRS, 51,386 SRW, -15 white), South Korea (18,700 HRW, 46,350 HRS, 28,930 white), Jamaica (49,101 HRS, 17,500 SRW), Nigeria (46,383 HRW, 4,000 SRW), and Italy (-750 HRW, 13,000 HRS, 35,500 durum).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 66 percent of total projected exports, down from the five-year average of 73 percent of exports committed by this date.
(See attached file: CS 101126.pdf)(See attached file: CS 101126.xls)