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September 11, 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 3, 2009, were 9.290 million metric tons (MMT), 40 percent lower than last year's year-to-date total of 15.461 MMT.

Net sales of 551,400 metric tons were up 36 percent from the previous week and 16 percent from prior 4-week average, and exceeded trade estimates of 300,000 to 500,000 MT. Increases were reported for Japan (34,660 HRW, 18,140 HRS, 50,930 white, 13,500 durum), Egypt (60,000 SRW), Yemen (59,485 white), Canada (50,000 HRS), Philippines (20,000 HRW, 22,500 white), Nigeria (40,000 HRW, 1,497 SRW), Peru (25,000 HRW), and Italy (24,844 durum).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 37 percent below total projected exports, down from the 5-year average of 51 percent of exports committed by this date.

(See attached file: CS 090903.pdf)(See attached file: CS 090903.xls)
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