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March 4, 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 25, 2010 were 19.573 million metric tons (MMT), 19 percent lower than last year's year-to-date total of 24.278 MMT.

Net sales of 101,600 metric tons for delivery in 2009/10 were down 73 percent from the previous week and 77 percent from the prior 4-week average, and below trade estimates of 300,000 to 450,000 MT. Increases were reported for Morocco (75,361 HRW), Venezuela (11,500 HRW, 15,000 HRS), Nigeria (750 HRW, 10,000 HRS, 10,000 SRW), the Dominican Republic (2,984 HRW, 335 HRS, 1,409 SRW), and Israel (4,016 HRW). Net sales of 2,500 MT were reported for delivery in 2010/11, all for Mexico (2,500 SRW).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 90 percent of total projected exports, down from the 5-year average of 93 percent of exports committed by this date.

(See attached file: CS 100225.pdf)(See attached file: CS 100225.xls)
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