July 23, 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 July 16, 2009, were 5.714 million metric tons (MMT), 49 percent lower than last year's year-to-date total of 11.225 MMT.
Net sales of 342,300 metric tons were down 19 percent from the previous week, but were within trade estimates of 300,000 to 500,000 MT. Increases were reported for Japan (54,104 HRW, 14,232 HRS, 26,240 white), Nigeria (64,186 HRW, 13,566 SRW), Mexico (35,717 HRW, 21,475 SRW), Colombia (5,096 HRW, 25,976 SRW), South Korea (4,540 HRW, 14,200 HRS, 451 SRW, 6,230 white), Canada (17,000 SRW), and the Dominican Republic (2,500 HRW, 8,000 HRS, 1,500 SRW). Decreases were reported for Trinidad (3,000 MT), Guatemala (3,000 MT), and Indonesia (2,800 MT).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.17 MMT. Commitments to date (of wheat and wheat products) are 23 percent below total projected exports, down from the 5-year average of 32 percent of exports committed by this date.
(See attached file: CS 090716.pdf)(See attached file: CS 090716.xlsx)