December 9, 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 2010/11 marketing year, through December 2, 2010, were 23.737 million metric tons (MMT), 58 percent greater than last year's year-to-date total of 15.022 MMT.
Net sales of 535,500 MT for the 2010/11 marketing year were down 19 percent from the previous week and 33 percent from the prior 4-week average, but within trade estimates of 450,000 to 650,000 MT. Increases were reported for Japan (48,970 HRW, 84,246 HRS, 38,085 white), Egypt (122,075 HRW), Nigeria (65,207 HRW, -7,000 HRS, 55,005 SRW), Mexico (31,798 HRW, 20,396 HRS, 21,784 SRW), and the Philippines (45,642 HRS, 6,595 white). Net sales of 191,000 MT for delivery in 2011/12 were mainly for the Philippines (69,000 HRS, 32,000 white).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 70 percent of total projected exports, down from the five-year average of 76 percent of exports committed by this date.
(See attached file: CS 101209.pdf)(See attached file: CS 101209.xls)