August 5, 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 July 29, 2010 were 9.251 million metric tons (MMT), 35 percent greater than last year's year-to-date total of 6.842 MMT.
Net sales 854,600 MT for the 2010/11 marketing year were down 7 percent from the previous week, but up 61 percent from the prior 4-week average, and exceeded trade estimates of 600,000 to 850,000 MT. Increases were reported for Japan (35,641 HRW, 91,331 HRS, 33,807 white), unknown destinations (62,000 HRW, -39,688 HRS, 5,000 SRW, 95,975 white, -6,500 durum), Egypt (110,000 HRW), the Philippines (73,732 HRS, 20,068 white), South Korea (5,500 HRW, 11,750 HRS, 55,000 SRW, 9,680 white), Brazil (56,584 HRW), and South Africa (40,000 HRW).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 34 percent of total projected exports, down from the 5-year average of 36 percent of exports committed by this date.
(See attached file: CS 100805.pdf)(See attached file: CS 100805.xls)