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February 25, 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 2009/10 marketing year, through February 18, 2010 were 19.472 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 23.993 MMT.

Net sales of 375,700 metric tons for delivery in 2009/10 were down 8 percent from the previous week and 26 percent from the prior 4-week average, but within trade estimates of 300,000 to 500,000 MT. Increases were reported for Nigeria (171,160 HRW, 17,300 HRS, 17,878 SRW), Morocco (44,613 HRW), Japan (14,000 HRW, 15,350 HRS, 14,600 white), Guatemala (10,146 HRW, 17,404 HRS, 2,900 white), the Philippines (26,715 HRS, -84 white), El Salvador (5,400 HRW, 4,650 HRS, 6,600 white), and Venezuela (13,750 HRS).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 89 percent of total projected exports, down from the 5-year average of 92 percent of exports committed by this date.

(See attached file: CS 100218.pdf)(See attached file: CS 100218.xls)
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