December 3, 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 November 26, 2009, were 14.777 million metric tons (MMT), 28 percent lower than last year's year-to-date total of 20.619 MMT.
Net sales of 390,700 metric tons were up 11 percent from the previous week and from the prior 4-week average, and within trade estimates of 300,000 to 450,000 MT. Increases were reported for Japan (53,420 HRW, 17,010 HRS, 43,240 white), Iraq (100,000 HRW), Nigeria (50,000 HRW, 6,000 SRW), Mexico (23,789 HRW, 1,627 HRS, 79 SRW), South Korea (5,000 HRW, 8,990 HRS, 550 SRW, 10,084 white), Brazil (23,750 SRW), Italy (21,000 durum), and the Dominican Republic (3,350 HRW, 7,750 HRS).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.81 MMT. Commitments to date (of wheat and wheat products) are 64 percent below total projected exports, down from the 5-year average of 75 percent of exports committed by this date.
(See attached file: CS 091126.pdf)(See attached file: CS 091126.xls)