October 1, 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 September 24, 2009, were 10.769 million metric tons (MMT), 37 percent lower than last year's year-to-date total of 17.055 MMT.
Net sales of 538,200 metric tons were up 6 percent from the previous week and 13 percent from the prior 4-week average, within trade estimates of 400,000 to 600,000 MT. Increases were reported for Mexico (42,695 HRW, 10,285 HRS, 16,823 SRW), Philippines (25,542 HRS, 38,733 white), Nigeria (8,500 HRW, 24,000 SRW, 10,000 white, 20,500 durum), Egypt (62,997 SRW), Venezuela (12,500 HRW, 30,000 HRS), Chile (26,250 HRW, 6,600 HRS, 9,512 white), Italy (42,000 durum), and Japan (6,000 HRW, 18,960 HRS, 6,870 white).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 43 percent below total projected exports, down from the 5-year average of 59 percent of exports committed by this date.
(See attached file: CS 090924.pdf)(See attached file: CS 090924.xls)