June 17, 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 June 10, 2010 were 5.133 million metric tons (MMT), 37 percent greater than last year's year-to-date total of 3.755 MMT.
Net sales of 959,500 MT for the 2010/11 marketing year exceeded trade estimates of 200,000 to 350,000 MT. Increases were reported for Mexico (132,483 HRW, 25,106 HRS, 38,731 SRW), Peru (140,000 HRW), Japan (12,150 HRW, 61,470 HRS, 24,960 white), Nigeria (70,500 HRW, 15,000 white, 8,353 durum), South Korea (6,990 HRW, 10,420 HRS, 68,376 white), Indonesia (51,000 HRW, 10,000 white), and unknown destinations (28,400 HRW, 500 HRS, 12,000 SRW, 6,430 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 24.49 MMT. Commitments to date (of wheat and wheat products) are 21 percent of total projected exports, up from the 5-year average of 19 percent of exports committed by this date.
(See attached file: CS 100617.pdf)(See attached file: CS 100617.xls)