March 17, 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 March 10, 2011 were 32.452 million metric tons (MMT), 60 percent greater than last year's year-to-date total of 20.306 MMT.
Net sales of 663,700 MT for the 2010/11 marketing year were up 15 percent from the previous week, but down 3 percent from the prior 4-week average, and exceeded trade estimates of 400,000 to 600,000 MT. Increases were reported for Iraq (350,702 HRW), Indonesia (51,000 HRW, 59,550 HRS, 10,000 white), Egypt (31,835 HRW, 8,500 SRW, 55,000 white), Japan (28,887 HRW, 34,917 white), Peru (60,000 HRW), and Saudi Arabia (52,250 HRW). Net sales of 195,100 MT for delivery in 2011/2012 were mainly for Nigeria (90,000 SRW), the Philippines (43,000 HRS, 20,000 white), and unknown destinations (19,600 HRW, 12,500 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 94 percent of total projected exports, down from the five-year average of 95 percent of exports committed by this date.
(See attached file: CS 110317.pdf)(See attached file: CS 110317.xls)