February 12, 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 February 4, 2010 were 18.687 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 23.094 MMT.
Net sales of 548,200 metric tons for delivery in 2009/10 were up 31 percent from the previous week and 5 percent from the prior 4-week average, and exceeded trade estimates of 300,000 to 450,000 MT. Increases were reported for unknown destinations (14,316 HRW, -250 HRS, 54,725 white), Japan (21,050 HRW, 5,250 HRS, 39,350 white), Nigeria (43,500 HRW, 14,000 white, 5,614 durum), Indonesia (61,000 white), Taiwan (13,880 HRW, 23,895 HRS, 11,250 white), Colombia (32,350 HRW, 14,000 SRW), and Chile (16,226 HRW, 22,600 white).
USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 85 percent of total projected exports, down from the 5-year average of 89 percent of exports committed by this date.
(See attached file: CS 100204.pdf)(See attached file: CS 100204.xls)