January 8, 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 January 1, 2009, were 21.883 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 29.461 MMT.
Sales for the period of December 26 to January 1, 2008 were a marketing-year low 41,900 metric tons, down 90 percent from the previous week, 86 percent from the prior 4-week average and well below trade estimates of 300,000 to 400,000 metric tons. Increases reported for Mexico (22,000 HRW, 1,000 HRS), Israel (20,587 HRW), Brazil (2,000 HRW, 15,089 SRW), Dominican Republic (5,310 HRW, 4,242 HRS, 4,096 SRW) and Egypt (4,073 SRW) were offset by reductions to unknown destinations (5,786 HRW, -4,905 HRS, -29,010 SRW), Bermuda (-11,000 HRW) and Barbados (-1,731 HRS, 11 SRW).
USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 81 percent of total projected exports, and on par with the 5-year average of 77 percent of exports committed by this date.
(See attached file: CS 090101.pdf) (See attached file: CS 090101.xlsx)