April 14, 2011
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 April 7, 2011 were 34.285 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 21.533 MMT.
Net sales of 443,600 MT for the 2010/11 marketing year were down 3 percent from the previous week and 14 percent from the prior 4-week average, and within trade estimates of 400,000 to 700,000 MT. Increases were reported for Egypt (57,750 HRW, 9,000 SRW, 50,000 white), Japan (73,620 HRS, 1,850 white, 4,807 durum), South Africa (69,000 HRW), Nigeria (27,648 HRW, 12,000 HRS, 11,135 SRW), Canada (50,000 HRS), and Chile (16,000 HRW, 20,000 white). Net sales of 102,000 MT for delivery in 2011/2012 were for the Philippines (13,000 HRS, 32,000 white), unknown destinations (34,000 HRW), Mexico (18,000 HRW), and Japan (5,000 HRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.70 MMT. Commitments to date (of wheat and wheat products) are 99 percent of total projected exports, down from the five-year average of 101 percent of exports committed by this date.
(See attached file: CS 110414.pdf)(See attached file: CS 110414.xls)