October 6, 2011
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 2011/12 marketing year, through September 29, 2011 were 14.7 million metric tons (MMT), 18 percent lower than last year's year-to-date total of 17.9 MMT.
Net sales of 431,200 MT for the 2011/12 marketing year were up 1 percent from the previous week, but down 15 percent from the prior 4-week average, and within trade estimates of 350,000 MT to 500,000 MT. Increases were primarily for unknown destinations (-77,500 HRW, -25,000 HRS, 27,500 SRW, 500 white), Mexico (54,435 HRW, 53,822 SRW, 7,282 white), Taiwan (13,450 HRW, 28,066 HRS, 13,350 white), Nigeria (-3,000 HRW, -36,000 HRS), Peru (32,750 HRW, 2,000 SRW), and the Philippines (-400 HRW, -1,810 HRS, 1,510 white).
USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 27.9 MMT. Commitments to date (of wheat and wheat products) are 53 percent of total projected exports, down from the five-year average of 60 percent of exports committed by this date.
(See attached file: CS 111006.pdf)(See attached file: CS 111006.xls)