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January 14, 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 January 7, 2010 were 16.234 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 21.921 MMT.

Net sales of 181,900 metric tons for delivery in 2009/10 were up 95 percent from the previous week, but down 29 percent from prior 4-week average, and below trade estimates of 225,000 to 275,000 MT. Increases were reported for Nigeria (76,746 HRW, 14,000 white), Taiwan (13,500 HRW, 30,200 HRS), Israel (25,826 HRW), Japan (27,352 HRW, -9,850 HRS, 8,240 white), and Peru (5,000 HRW).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 74 percent below total projected exports, down from the 5-year average of 83 percent of exports committed by this date.

(See attached file: CS 100107.pdf)(See attached file: CS 100107.xls)
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