November 5, 2009
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 October 29, 2009, were 13.261 million metric tons (MMT), 31 percent lower than last year's year-to-date total of 19.213 MMT.
Net sales of 284,500 metric tons were down 18 percent from the previous week and 49 percent from the prior 4-week average, and below trade estimates of 350,000 to 550,000 MT. Increases were reported for Mexico (37,330 HRW, 15,000 HRS, 15,704 SRW), Iran (60,000 white), Thailand (9,000 HRW, 20,500 HRS, 18,000 white), China (36,589 SRW), Nigeria (31,081 HRW), South Korea (5,245 HRW, 7,820 HRS, 7 SRW, 10,066 white), Japan (22,260 HRW, 420 HRS, 330 white, -250 durum), the Netherlands (22,479 durum), and Colombia (17,600 HRW, -175 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 24.49 MMT. Commitments to date (of wheat and wheat products) are 55 percent below total projected exports, down from the 5-year average of 68 percent of exports committed by this date.
(See attached file: CS 091029.pdf)(See attached file: CS 091029.xls)