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May 29, 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 2008/09 marketing year, through May 21, 2009, were 26.543 million metric tons (MMT), 22 percent lower than last year's year-to-date total of 33.859 MMT.

Net sales of 103,900 metric tons were up noticeably from the previous week, but down 20 percent from the prior 4-week average. Increases reported for Japan (323 HRW, 39,420 HRS, 26,420 white), Chile (8,483 HRW, 11,947 SRW), Nigeria (-1,880 HRW, 19,095 SRW), Italy (13,900 durum) and Mexico (2,250 HRS, 4,983 SRW) were partially reduced by decreases for Taiwan (-710 HRW, -1,507 HRS). Net sales of 228,200 MT for delivery in 2009/10 were primarily for Nigeria (85,000 HRW), Yemen (50,000 white), Colombia (28,000 SRW), South Korea (4,100 HRW, 5,000 HRS, 11,600 white) and Italy (20,000 durum).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.490 MMT. Commitments to date (of wheat and wheat products) are 97 percent of total projected exports, down from the 5-year average of 104 percent of exports committed by this date.

(See attached file: CS 090521.pdf) (See attached file: CS 090521.xlsx)
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