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May 7, 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 2008/09 marketing year, through April 30, 2009, were 26.342 million metric tons (MMT), 23 percent lower than last year's year-to-date total of 34.005 MMT.

Sales for the period of April 24 to April 30 of 254,700 metric tons were up 79 percent from the previous week and 49 percent from the prior 4-week average. Increases reported for Japan (71,700 MT), Iran (60,000 MT), Indonesia (57,500 MT, switched from unknown destinations), the Philippines (53,400 MT), Mexico (22,300 MT), and Italy (11,700 MT), were partially offset by decreases for unknown destinations (50,700 MT). Net sales of 131,600 MT for delivery in 2009/10 were primarily for the Philippines (78,100 MT), Venezuela (20,000 MT), and Mexico (17,500 MT). Decreases were reported for South Korea (1,000 MT). Exports of 268,800 MT were down 26 percent from the previous week and 38 percent from the prior 4-week average. The primary destinations were Thailand (49,500 MT), Nigeria (46,900 MT), Venezuela (42,900 MT), Japan (30,500 MT), South Korea (25,100 MT), Mexico (17,800 MT), and Honduras (17,100 MT).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 26.670 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the 5-year average of 104 percent of exports committed by this date.

(See attached file: CS 090430.pdf)(See attached file: CS 090430.xlsx)
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