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May 13, 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 2009/10 marketing year, through May 6, 2010 were 22.267 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 26.445 MMT.

Net sales of 244,400 metric tons for delivery in 2009/10 were up 63 percent from the previous week and 66 percent from the prior 4-week average. Increases were reported for Yemen (49,605 white), Nigeria (36,259 HRW, 2,400 SRW, 10,000 white), Chile (20,453 HRW, 8,050 HRS, 12,347 white), Guatemala (20,279 HRW, 6,790 HRS, 7,830 white), Brazil (28,000 HRW), and Peru (27,438 HRW). Net sales of 241,100 MT for delivery in 2010/11 were mainly for unknown destinations (111,000 HRW, -25,000 HRS), Peru (57,000 HRW), Italy (40,000 durum), and Colombia (13,540 HRW, 18,500 HRS).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.54 MMT. Commitments to date (of wheat and wheat products) are 95 percent of total projected exports, down from the 5-year average of 104 percent of exports committed by this date.

(See attached file: CS 100506.pdf)(See attached file: CS 100506.xls)
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