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April 29, 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 April 22, 2010 were 21.872 million metric tons (MMT), 16 percent lower than last year's year-to-date total of 26.088 MMT.

Net sales of 173,100 metric tons for delivery in 2009/10 were up 4 percent from the previous week, but down 32 percent from the prior 4-week average. Increases were reported for Nigeria (40,334 HRW, 7,298 HRS), Japan (12,600 HRW, 15,110 HRS, 19,570 white), Venezuela (16,162 HRW, 10,000 SRW, -225 durum), South Korea (4,140 HRW, 9,300 HRS, 4 SRW, 11,660 white), Mexico (2,060 HRW, 8,322 SRW), and the Dominican Republic (3,500 HRS, 3,000 SRW). Net sales of 295,300 MT for delivery in 2010/11 were mainly for the Philippines (41,500 HRS, 44,000 white), Japan (32,600 HRW, 30,900 HRS, 8,000 white), Yemen (51,000 white), and Nigeria (25,000 HRW).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 23.54 MMT. Commitments to date (of wheat and wheat products) are 94 percent of total projected exports, down from the 5-year average of 102 percent of exports committed by this date.

(See attached file: CS 100422.pdf)(See attached file: CS 100422.xls)
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