September 17, 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 10, 2009, were 9.739 million metric tons (MMT), 40 percent lower than last year's year-to-date total of 16.119 MMT.
Net sales of 449,400 metric tons were down 19 percent from the previous week and 9 percent from prior 4-week average, but within trade estimates of 400,000 to 500,000 MT. Increases were reported for Mexico (17,332 HRW, 278 HRS, 42,000 SRW), Taiwan (24,140 HRW, 21,400 HRS, 8,760 white), Philippines (33,741 HRS, 15,054 white), Panama (6,600 HRW, 21,150 HRS, 14,442 SRW, 3,000 durum), Italy (38,500 durum), Nigeria (32,500 HRW), and Japan (20,250 HRW, 9,000 HRS, 14,630 white, -13,500 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 39 percent below total projected exports, down from the 5-year average of 53 percent of exports committed by this date.
(See attached file: CS 090910.pdf)(See attached file: CS 090910.xls)