November 24, 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 2011/12 marketing year, through November 17, 2011 were 17.4 million metric tons (MMT), 23 percent lower than last year's year-to-date total of 22.5 MMT.
Net sales of 614,500 MT for the 2011/2012 marketing year were up 94 percent from the previous week and 96 percent from the prior 4-week average, and above trade estimates of 300,000 to 450,000 MT. Increases were primarily for Mexico (25,693 HRW, 66,799 SRW), Nigeria (25,000 HRW), Japan (8,943 HRW, 21,034 HRS, -33,065 SRW, 33,840 white), Venezuela, Colombia (280 HRW), Israel, and the United Kingdom
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 26.5 MMT. Commitments to date (of wheat and wheat products) are 66 percent of total projected exports, down from the five-year average of 73 percent of exports committed by this date.
(See attached file: CS 111124.pdf) (See attached file: CS 111124.xls)