September 3, 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 August 27, 2009, were 8.738 million metric tons (MMT), 42 percent lower than last year's year-to-date total of 15.004 MMT.
Net sales of 405,700 metric tons were down 38 percent from the previous week and 21 percent from prior 4-week average, but within trade estimates of 375,000 to 525,000 MT. Increases were reported for Japan (28,778 HRW, 30,420 HRS, 23,280 white), Mexico (16,969 HRW, 382 HRS, 43,057 SRW), Egypt (49,145 SRW), Guatemala (19,049 HRW, 5,863 HRS, 7,039 white), Canada (24,262 HRS, 580 white, -3 durum), and Peru (22,404 HRW).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 25.86 MMT. Commitments to date (of wheat and wheat products) are 34 percent below total projected exports, down from the 5-year average of 48 percent of exports committed by this date.
(See attached file: CS 090827.pdf)(See attached file: CS 090827.xls)