July 21, 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 2011/12 marketing year, through July 14, 2011 were 9.588 million metric tons (MMT), 28 percent greater than last year's year-to-date total of 7.477 MMT.
Net sales of 344,400 MT for the 2011/12 marketing year were down 34 percent from the previous week and 36 percent from the prior 4-week average, but within trade estimates of 300,000 MT to 500,000 MT. Increases were primarily for Indonesia (20,000 HRW, 55,305 HRS, 41,288 white), Mexico (69,515 HRW, 1,943 HRS, 32,563 SRW), South Korea (21,300 HRW, 24,868 HRS, 45,653 white), South Africa (45,000 HRW), Nigeria (1,750 HRW, 29,951 SRW, 2,709 durum), and Brazil (30,000 SRW).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 31.30 MMT. Commitments to date (of wheat and wheat products) are 31 percent of total projected exports, up from the five-year average of 28 percent of exports committed by this date.
(See attached file: CS 110721.pdf)(See attached file: CS 110721.xls)