EU Wheat Export Licences Running 28 Pct Down

The EU has granted export licences for 7.5 MMT of soft wheat so far this marketing year (July 1st to Dec 8th), that's almost 28% down on the 10.4 MMT approved for export this time last year.

Total grain exports are even further behind (down 40%) at 9.3 MMT versus 15.6 MMT a year ago.

Grain imports however are also unsurprisingly lower, down 27% to 4.5 MMT.