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April 22, 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 2009/10 marketing year, through April 15, 2010 were 21.699 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 25.945 MMT.

Net sales of 166,400 metric tons for delivery in 2009/10 were up 65 percent from the previous week, but down 46 percent from the prior 4-week average. Increases were reported for Japan (43,260 HRW, 37,930 HRS, 11,330 white), Nigeria (29,500 HRW, 9,000 HRS), Mexico (25,033 HRW, 9,412 HRS, -1,783 SRW), Ecuador (8,250 HRW, 20,088 SRW), Peru (25,000 HRW, -1,000 SRW), and Colombia (7,000 HRW, 4,000 SRW, 8,300 white, 3,000 durum). Net sales of 298,300 MT for delivery in 2010/11 were mainly for the Philippines (8,000 HRW, 112,000 HRS, 69,600 white), South Korea (55,000 white), and unknown destinations (6,800 HRW, 10,000 HRS, 5,000 white).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.54 MMT. Commitments to date (of wheat and wheat products) are 93 percent of total projected exports, down from the 5-year average of 102 percent of exports committed by this date.

(See attached file: CS 100415.pdf)(See attached file: CS 100415.xls)
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