EU Wheat Exports Latest

Posted by Nogger - a legend in his own mind at 09:27 | Categorized as

29/10/10 -- Brussels awarded 389,000 MT of soft wheat export licences this past week, bringing the cumulative total to date for the current marketing year to 8.1 MMT, a 35% increase on where we were this time last year.

The USDA currently have the EU-27 down to export 21 MMT this season, 1.1 MMT less than in 2009/10, so we need to slow up a little.

That said, at the average pace so far of 450,000 MT/week it will still take 47 weeks to ship 21 MMT, so we're not as far ahead of ourselves as some would like to make out.