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March 12, 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 2008/09 marketing year, through March 5, 2009, were 24.640 million metric tons (MMT), 24 percent lower than last year's year-to-date total of 32.244 MMT.

Sales for the period of February 27 to March 5, 2009 were 362,900 metric tons were up 27 percent from the previous week, but down 9 percent from the prior 4-week average. Increases reported for Japan (3,212 HRW, 100,080 HRS, 32,600 white), Nigeria (69,934 HRW, 18,000 SRW), Indonesia (35,000 HRW, 23,000 white), Algeria (25,000 durum), Honduras (8,322 HRW, 6,833 HRS, 6,035 SRW), Jamaica (8,000 HRS, 8,000 SRW), Colombia (6,607 HRW, 4,134 SRW) and Dominican Republic (4,448 HRW, 4,069 HRS, 2,099 SRW) were partially offset by decreases for Mexico (5,280 HRW, -2,332 HRS, -19,750 SRW), Brazil (-4,000 HRW), Guatemala (-3,525 SRW), Venezuela (-6,000 HRS, 3,000 durum), and unknown destinations (-10,000 HRW, 30,000 SRW, -23,000 white).

USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 91 percent of total projected exports, down from the 5-year average of 94 percent of exports committed by this date.

(See attached file: CS 090305.pdf) (See attached file: CS 090305.xlsx)
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