October 23, 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 October 15, 2009, were 12.634 million metric tons (MMT), 31 percent lower than last year's year-to-date total of 18.386 MMT.
Net sales of 627,600 metric tons were up 31 percent from the previous week and 10 percent from the prior 4-week average, and exceeded trade estimates of 400,000 to 500,000 MT. Increases were reported for Iraq (200,000 HRW), Mexico (40,602 HRW, 34,000 SRW), Japan (27,530 HRW, 39,470 HRS, 4,280 white), Indonesia (58,000 white), Yemen (50,000 white), the Philippines (2,842 HRS, 36,559 white), South Korea (7,493 HRW, 18,336 HRS, -1 SRW, 12,386 white), Israel (36,169 HRW), and Costa Rica (6,325 HRW, 13,821 HRS, 6,730 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.49 MMT. Commitments to date (of wheat and wheat products) are 53 percent below total projected exports, down from the 5-year average of 65 percent of exports committed by this date.
(See attached file: CS 091015.pdf)(See attached file: CS 091015.xls)