September 30, 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 2010/11 marketing year, through September 23, 2010 were 17.103 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 10.769 MMT.
Net sales 630,800 MT for the 2010/11 marketing year were down 34 percent from the previous week and 26 percent from the prior 4-week average, and below trade estimates of 650,000 to 850,000 MT. Increases were reported for Egypt (123,932 HRW), Turkey (49,446 HRW, 31,884 HRS, 750 durum), the Philippines (400 HRW, 31,480 HRS, 45,569 white), Italy (79,081 HRS, -7,034 durum), Indonesia (10,000 HRW, 10,000 HRS, 41,000 white), and Taiwan (38,020 HRS, 13,980 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 50 percent of total projected exports, down from the five-year average of 57 percent of exports committed by this date.
(See attached file: CS 100930.pdf)(See attached file: CS 100930.xls)