Commercial Sales - January 27, 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 2010/11 marketing year, through January 20, 2011 were 28.119 million metric tons (MMT), 59 percent greater than last year's year-to-date total of 17.721 MMT.
Net sales of 894,100 MT for the 2010/11 marketing year were down 13 percent from the previous week, but up 73 percent from the prior 4-week average, and slightly below trade estimates of 900,000 to 1,200,000 MT. Increases were reported for Jordan (152,480 HRW), Japan (34,470 HRW, 59,861 HRS, 26,132 white), Egypt (110,000 HRW, 2,750 SRW, -2,579 white), Nigeria (40,000 HRW, 20,653 SRW, 1 durum), Taiwan (1,000 HRW, 53,839 HRS, 260 white), and Yemen (55,000 white). Net sales of 153,600 MT for delivery in 2011/2012 were mainly for unknown destinations (59,750 HRW, 11,250 HRS, 11,000 white), the Philippines (34,500 HRS), and the Dominican Republic (9,600 HRW, 12,200 HRS).
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 35.38 MMT. Commitments to date (of wheat and wheat products) are 80 percent of total projected exports, down from the five-year average of 85 percent of exports committed by this date.
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