April 21, 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 April 14, 2011 were 34.420 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 21.699 MMT.
Net sales of 134,800 MT for the 2010/11 marketing year fell below trade expectations of 400,000 to 800,000 MT. Increases were reported for Nigeria (42,680 HRW, 20,000 white, 10,107 durum), Egypt (63,882 SRW), Saudi Arabia (55,900 HRW), Oman (37,372 HRW), Venezuela (33,000 HRW), and Colombia (6,300 HRW, 10,000 HRS, 5,557 SRW, 5,000 white). Net sales of 168,400 MT for delivery in 2011/2012 were mainly for unknown destinations (35,000 HRW, 15,500 SRW, 41,000 white), Italy (30,000 durum), Dominican Republic (14,000 HRW, 8,200 SRW), and Japan (6,000 HRW, 8,000 HRS).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the five-year average of 101 percent of exports committed by this date.
(See attached file: CS 110421.pdf)(See attached file: CS 110421.xls)