February 4, 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 January 28, 2010 were 18.139 million metric tons (MMT), 20 percent lower than last year's year-to-date total of 22.682 MMT.
Net sales of 418,200 metric tons for delivery in 2009/10 were down 37 percent from the previous week and 5 percent from the prior 4-week average, and within trade estimates of 350,000 to 550,000 MT. Increases were reported for Mexico (93,330 HRW, 47,709 HRS, 55,035 SRW), Japan (420 HRW, 38,930 HRS, 30,830 white), Thailand (10,000 HRW, 22,000 HRS, 13,000 white), Guatemala (16,952 HRW, 5,700 HRS, 4,250 white, 2,621 durum), Costa Rica (5,000 HRW, 10,000 HRS, 5,500 SRW), Ecuador (20,000 SRW), and Algeria (20,000 durum).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 83 percent of total projected exports, down from the 5-year average of 87 percent of exports committed by this date.
(See attached file: CS 100128.pdf)(See attached file: CS 100128.xls)