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September 15, 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 2011/12 marketing year, through September 8, 2011 were 13.1 million metric tons (MMT), 15 percent lower than last year's year-to-date total of 15.5 MMT.

Net sales of 413,500 MT for the 2011/12 marketing year were down 19 percent from the previous week and 7 percent from the prior 4-week average, and within trade estimates of 300,000 MT to 600,000 MT. Increases were primarily for Chile (83,200 MT), Saudi Arabia (56,800 MT, including 55,000 MT switched from unknown destinations), South Korea (50,100 MT), Japan (44,800 MT), Thailand (38,600 MT), and Mexico (37,400 MT).

USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 47 percent of total projected exports, down from the five-year average of 51 percent of exports committed by this date.

(See attached file: CS 110915.pdf)(See attached file: CS 110915.xls)
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