December 10, 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 December 3, 2009, were 15.022 million metric tons (MMT), 28 percent lower than last year's year-to-date total of 20.858 MMT.
Net sales of 245,200 metric tons were down 37 percent from the previous week and 35 percent from the prior 4-week average, and below trade estimates of 350,000 to 450,000 MT. Increases were reported for Nigeria (49,998 HRW, 48,342 SRW), Japan (24,600 HRS, 33,080 white, 251 durum), Peru (25,000 HRW, 5,000 white), Canada (25,803 HRS), South Korea (7,500 HRW, 4,900 HRS, 500 SRW, 11,610 white), Venezuela (16,998 HRW, -138 HRS), Algeria (15,843 durum), and Mexico (10,282 HRW, 199 HRS, 3,570 SRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.81 MMT. Commitments to date (of wheat and wheat products) are 65 percent below total projected exports, down from the 5-year average of 77 percent of exports committed by this date.
(See attached file: CS 091203.pdf)(See attached file: CS 091203.xls)