September 10, 2010
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 September 2, 2010 were 15.037 million metric tons (MMT), 62 percent greater than last year's year-to-date total of 9.290 MMT.
Net sales 953,400 MT for the 2010/11 marketing year were down 7 percent from the previous week and 21 percent from the prior 4-week average, within trade estimates of 800,000 to 1,000,000 MT. Increases were reported for Japan (39,893 HRW, 69,613 HRS, and 39,454 white), South Korea (25,961 HRW, 14,980 HRS, and 81,679 white), Egypt (115,867 HRW), Indonesia (20,000 HRW and 41,000 white), Taiwan (38,030 HRS and 13,700 white), and Chile (43,450 HRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 46 percent of total projected exports, down from the five-year average of 48 percent of exports committed by this date.
(See attached file: CS 100909.xls)(See attached file: CS 100909.pdf)