October 8, 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 October 1, 2009, were 11.527 million metric tons (MMT), 34 percent lower than last year's year-to-date total of 17.567 MMT.
Net sales of 767,300 metric tons were up 43 percent from the previous week and 52 percent from the prior 4-week average, and exceeded trade estimates of 400,000 to 600,000 MT. Increases were reported for Nigeria (137,920 HRW, 14,265 HRS, 6,906 durum), Taiwan (34,960 HRW, 41,560 HRS, 10,946 white), Japan (16,900 HRW, 61,695 HRS, 8,180 white), Morocco (52,000 durum), Thailand (15,280 HRW, 24,056 HRS, 10,714 white), Philippines (26,600 HRS, 21,400 white), Yemen (40,000 white), Chile (7,150 HRW, 30,250 white), and Canada (25,000 HRS, 12,000 SRW, 327 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 45 percent below total projected exports, down from the 5-year average of 61 percent of exports committed by this date.
(See attached file: CS 091001.pdf)(See attached file: CS 091001.xls)