December 2, 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 November 25, 2010 were 23.202 million metric tons (MMT), 57 percent greater than last year's year-to-date total of 14.777 MMT.
Net sales of 663,300 MT for the 2010/11 marketing year were down 11 percent from the previous week and 14 percent from the prior 4-week average, but exceeded trade estimates of 550,000 to 650,000 MT. Increases were reported for unknown destinations (73,370 HRW, 11,745 HRS, 48,000 SRW, -10,100 white), Morocco (80,000 HRW, 18,778 HRS), Jordan (75,000 HRW), Japan (68,599 HRS), Egypt (2,230 HRW, 55,000 SRW), and Malaysia (36,000 HRS, 10,000 white). Net sales of 40,900 MT for delivery in 2011/12 were mainly for Jamaica (18,000 HRS), and Nigeria (15,000 SRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 68 percent of total projected exports, down from the five-year average of 75 percent of exports committed by this date.
(See attached file: CS 101202.pdf)(See attached file: CS 101202.xls)