February 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 February 5, 2009, were 23.094 million metric tons (MMT), 26 percent lower than last year's year-to-date total of 31.110 MMT.
Sales for the period of January 30 to February 5, 2009 were 411,700 metric tons were up 26 percent from the previous week and 94 percent from the prior 4-week average. Increases reported for Egypt (115,000 SRW), Nigeria (79,089 HRW), Indonesia (7,000 HRS, 61,000 white), Japan (20,517 HRW, 34,519 HRS, 10,660 white), Yemen (52,500 white), Thailand (10,000 HRW, 19,300 HRS, 18,450 white), Mexico (21,387 HRW, 272 HRS, 3,076 SRW) and South Korea (4,230 HRW, 4,390 HRS, 13,600 white), were partially offset by decreases for unknown (-24,000 HRW, 8,500 SRW, -58,000 white) and Dominican Republic (-3,612 HRW, -3,692 HRS, -4,000 SRW).
USDA forecasts 2008/09 U.S. wheat exports (including donations) to reach 27.22 MMT. Commitments to date (of wheat and wheat products) are 85 percent of total projected exports, down from the 5-year average of 89 percent of exports committed by this date.
(See attached file: CS 090205.pdf) (See attached file: CS 090205.xlsx)