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October 14, 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 October 6, 2011 were 15.2 million metric tons (MMT), 17 percent lower than last year's year-to-date total of 18.3 MMT.

Net sales of 483,600 MT for the 2011/12 marketing year were up 12 percent from the previous week, but down 1 percent from the prior 4-week average. Increases were primarily for Japan (54,659 HRW, 29,716 HRS, 128,369 white), China (1,400 HRW, 55,000 HRS), Nigeria (47,161 HRW), Mexico (23,848 HRW, 5,500 HRS, 7,687 SRW, 871 white), the Philippines (36,000 white), and Guatemala (16,648 HRW, 6,200 HRS, 8,350 white).

USDA forecasts 2011/12 U.S. wheat exports (including donations) to reach 26.5 MMT. Commitments to date (of wheat and wheat products) are 57 percent of total projected exports, down from the five-year average of 62 percent of exports committed by this date.

(See attached file: CS 111014.pdf)(See attached file: CS 111014.xls)
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