September 9, 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 2011/12 marketing year, through September 1, 2011 were 12.7 million metric tons (MMT), 15 percent lower than last year's year-to-date total of 15.0 MMT.
Net sales of 512,200 MT for the 2011/12 marketing year were up 39 percent from the previous week and 25 percent from the prior 4-week average, and above trade estimates of 350,000 MT to 450,000 MT. Increases were primarily for Unknown Destinations (172,200 HRW, 50,600 HRS, -21,200 SRW, 49,800 white), Mexico (34,237 HRW, -125 HRS, 14,816 SRW, 20,000 white), Taiwan (13,396 HRW, 27,450 HRS, 13,820 white), Nigeria (35,875 HRW, 10,742 SRW), Peru (10,440 HRW, 25,446 SRW), Philippines (30,057 HRS, 1,400 white).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 29.94 MMT. Commitments to date (of wheat and wheat products) are 43 percent of total projected exports, down from the five-year average of 48 percent of exports committed by this date.
(See attached file: CS 110909.pdf)(See attached file: CS 110909.xls)