August 27, 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 August 20, 2009, were 8.332 million metric tons (MMT), 43 percent lower than last year's year-to-date total of 14.567 MMT.
Net sales of 652,700 metric tons--a marketing-year high--were up 82 percent from the previous week and 33 percent from prior 4-week average, and exceeded trade estimates of 350,000 to 450,000 MT. Increases were reported for Nigeria (144,650 HRW, 8,000 HRS, 47,887 SRW, 10,000 white, 12,000 durum), Japan (26,000 HRW, 30,350 HRS, 33,100 white), Egypt (60,000 SRW), South Korea (10,320 HRW, 16,353 HRS, 610 SRW, 27,220 white), Mexico (10,006 HRW, 22 HRS, 25,033 SRW), and Taiwan (16,278 HRW, 15,412 HRS, 5 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 33 percent below total projected exports, down from the 5-year average of 46 percent of exports committed by this date.
(See attached file: CS 090820.pdf)(See attached file: CS 090820.xls)