February 3, 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 January 27, 2011 were 28.653 million metric tons (MMT), 58 percent greater than last year's year-to-date total of 18.139 MMT.
Net sales of 534,100 MT for the 2010/11 marketing year were down 40 percent from the previous week and 16 percent from the prior 4-week average, and below trade estimates of 800,000 to 1,100,000 MT. Increases were reported for Egypt (33,147 HRW, 55,000 SRW, 52,004 white), Mexico (33,808 HRW, 1,000 HRS, 33,500 SRW), Indonesia (-670 HRW, 60,300 HRS), Taiwan (5,010 HRW, 44,808 HRS, 8,180 white), Japan (23,899 HRW, 2,798 HRS, 20,415 white), and the Dominican Republic (15,000 HRW, 10,500 HRS, 18,000 SRW). Net sales of 31,300 MT for delivery in 2011/2012 were for Mexico (26,000 HRS), Honduras (2,161 HRS, 1,589 SRW), and Nicaragua (1,500 HRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 35.38 MMT. Commitments to date (of wheat and wheat products) are 81 percent of total projected exports, down from the five-year average of 87 percent of exports committed by this date.
(See attached file: CS 110203.pdf)(See attached file: CS 110203.xls)