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January 13, 2011

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 January 6, 2011 were 26.198 million metric tons (MMT), 61 percent greater than last year's year-to-date total of 16.234 MMT.

Net sales of 147,300 MT for the 2010/11 marketing year were down 68 percent from the previous week and 75 percent from the prior 4-week average, and below trade estimates of 400,000 to 500,000 MT. Increases were reported for Egypt (62,069 HRW, 2,233 white), Indonesia (41,000 HRW, 20,000 HRS), Mexico (28,732 HRW, 171 HRS), Morocco (25,000 HRS), Taiwan (2,085 HRW, 2,299 HRS, 1,000 white), and Iraq (4,474 HRW). Net sales of 27,900 MT for delivery in 2011/2012 were for the Philippines (6,000 HRS, 21,900 white).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 35.38 MMT. Commitments to date (of wheat and wheat products) are 74 percent of total projected exports, down from the five-year average of 82 percent of exports committed by this date.

(See attached file: CS 110113.pdf)(See attached file: CS 110113.xls)
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