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July 30, 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 July 23, 2009, were 6.289 million metric tons (MMT), 47 percent lower than last year's year-to-date total of 11.951 MMT.

Net sales of 575,100 metric tons were up 68 percent from the previous week and above trade estimates of 350,000 to 450,000 MT. Increases were reported for Japan (32,960 HRW, 38,920 HRS, 21,000 white), Guatemala (27,835 HRW, 16,115 HRS, 10,741 SRW, 5,500 white, 3,000 durum), Dominican Republic (25,400 HRW, 19,600 HRS, 15,000 SRW), Egypt (55,000 SRW), Philippines (31,580 HRS, 22,120 white), and Brazil (22,000 HRW, 24,499 SRW).
Decreases were reported for Canada (14,900 MT).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.17 MMT. Commitments to date (of wheat and wheat products) are 25 percent below total projected exports, down from the 5-year average of 35 percent of exports committed by this date.

(See attached file: CS 090723.pdf)(See attached file: CS 090723.xlsx)
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