August 13, 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 August 6, 2009, were 7.321 million metric tons (MMT), 45 percent lower than last year's year-to-date total of 13.284 MMT.
Net sales of 479,100 metric tons were down 13 percent from the previous week, but unchanged from the prior 4-week average and above trade estimates of 350,000 to 450,000 MT. Increases were reported for Japan (28,867 HRW, 27,530 HRS, 27,240 white), Nigeria (24,847 HRW, 12,000 SRW, 20,000 white, 10,670 durum), Egypt (65,998 SRW), Indonesia (19,999 HRW, 38,000 white), Yemen (49,000 white), Chile (13,200 HRW, 19,800 white), and the Philippines (30,697 HRS, 2,150 white).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 28 percent below total projected exports, down from the 5-year average of 40 percent of exports committed by this date.
(See attached file: CS 090806.pdf)(See attached file: CS 090806.xls)