Milling Wheat The EU allocated 538,000 MT of wheat export licenses, bringing the total to 14.7 MMT (excluding durum and flour) versus 10.3 MMT allocated at the same time last year. The market believes that the EU's exportable surplus (excluding durum and flour) is around 17 MMT. At the current pace of about 500,000-600,000 MT of commitments per week, the surplus will be gone in one month. Logically, the export pace should start slowing down in April/May as harvesting begins in North African countries. The market will follow the allocation of licenses closely in the coming weeks.The market in the Mediterranean was more active this week, with Tunisia, Algeria, Morocco and Lebanon taking coverage for April and May. Algeria bought 350,000 MT...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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