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January 28, 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 January 21, 2010 were 17.721 million metric tons (MMT), 21 percent lower than last year's year-to-date total of 22.355 MMT.

Net sales of 660,700 metric tons for delivery in 2009/10 were down 20 percent from the previous week, but up 80 percent from the prior 4-week average, and exceeded trade estimates of 450,000 to 650,000 MT. Increases were reported for Nigeria (96,000 HRW, 17,001 SRW), Japan (22,420 HRW, 17,250 HRS, 39,140 white), Mexico (65,187 HRW, -270 HRS, 13,251 SRW), South Korea (16,100 HRW, 16,005 HRS, 1,008 SRW, 42,484 white), Morocco (51,250 HRW), China (50,000 white), and Thailand (3,000 HRW, 28,000 HRS, 8,000 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 81 percent of total projected exports, down from the 5-year average of 85 percent of exports committed by this date.

(See attached file: CS 100121.pdf)(See attached file: CS 100121.xls)
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