February 17, 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 2010/11 marketing year, through February 10, 2011 were 29.644 million metric tons (MMT), 55 percent greater than last year's year-to-date total of 19.096 MMT.
Net sales of 599,400 MT for the 2010/11 marketing year were up 53 percent from the previous week, but down 16 percent from the prior 4-week average, and within trade estimates of 400,000 to 600,000 MT. Increases were reported for Japan (44,383 HRW, 85,672 HRS, 5,000 white), Nigeria (120,800 HRW), unknown destinations (58,200 HRW, -43,000 HRS, -4,000 SRW, 55,000 white), Morocco (52,537 HRW), South Korea (21,090 HRW, 3,134 HRS, 26,661 white), and Tanzania (20,900 HRW, 16,500 HRS). Net sales of 126,900 MT for delivery in 2011/2012 were mainly for Jordan (50,000 HRW), Colombia (-1,361 HRW, 32,000 SRW), and the Philippines (16,000 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 35.38 MMT. Commitments to date (of wheat and wheat products) are 84 percent of total projected exports, down from the five-year average of 90 percent of exports committed by this date.
(See attached file: CS 110217.pdf)(See attached file: CS 110217.xls)