I See No Ships (Well Not Many Anyway)

Posted by Nogger - a legend in his own mind at 11:37 | Categorized as

09/12/11 -- Brussels issued just 142,000 MT of soft wheat export licences this week, the lowest total in 22 weeks. In fact you have to go all the way back to the very first week of the 2011/12 marketing year back in July to find a more dismal performance.

That means that 23 weeks into the season we have approved 6.63 MMT for export, more than a third down on where we were this time in 2010/11.

Wheat imports during the current season meanwhile are 2.81 MMT, more than 150% up on last year.