EU Wheat Exports

As the current marketing year draws to a close, EU exporters are busy trying to snap up any nearby orders to help free up some silo space.

It seems that they had a fair degree of success last week, with Brussels issuing export licences for 483,420 MT of wheat, comfortably beating the 380,000 MT needed to reach the USDA's projected target of 20 MMT for the current campaign.

Having seemingly missed out on a 100,000 MT tender by Tunisia earlier in the week, EU exporters will be hoping to grab a slice of Egypt's tender for at least two cargoes of wheat later today.

Certainly the current weakness of the euro shouldn't harm prospects of French wheat getting a look in.