October 7, 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 2010/11 marketing year, through September 30, 2010 were 17.906 million metric tons (MMT), 55 percent greater than last year's year-to-date total of 11.527 MMT.
Net sales of 808,400 MT for the 2010/11 marketing year were up 28 percent from the previous week and 7 percent from the prior 4-week average, and exceeded trade estimates of 450,000 to 650,000 MT. Increases were reported for Egypt (32,136 HRW, 5,382 HRS, 110,000 white), Nigeria (93,970 HRW, 9,600 SRW, 10,000 white), Thailand (28,000 HRW, 38,000 HRS, 29,500 white), the Philippines (6,000 HRW, 63,000 HRS, 17,450 white), Saudi Arabia (52,250 HRS), and Brazil (41,000 HRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 53 percent of total projected exports, down from the five-year average of 60 percent of exports committed by this date.
(See attached file: CS 101007.pdf)(See attached file: CS 101007.xls)