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October 15, 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 October 7, 2010 were 18.283 million metric tons (MMT), 52 percent greater than last year's year-to-date total of 12.007 MMT.

Net sales 377,000 MT for the 2010/11 marketing year were down 53 percent from the previous week and 47 percent from the prior 4-week average, and below trade estimates of 500,000 to 700,000 MT. Increases were reported for Japan (62,498 HRW, 2,102 HRS, 77,030 white), the Philippines (200 HRW, 48,100 HRS, 35,354 white), Iraq (55,000 HRW), Yemen (50,000 HRW, -375 white), Chile (21,175 HRW, 18,218 white), and Nigeria (24,211 HRW, 19 SRW).

USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 54 percent of total projected exports, down from the five-year average of 62 percent of exports committed by this date.

(See attached file: CS 101015.pdf)(See attached file: CS 101015.xls)
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