1. Also, the European Union will begin subsidizing wheat exports again after taxing them for the past nine months, a French wheat official said. 2. And it bludgeoned Canada into agreeing to reduce wheat exports to the U.S. for a year while a commission reviews an ongoing dispute about such exports. 3. Australia is the third-largest wheat export in the world after the U.S. and Canada. 4. A brutal drought in Australia has led to a sharp increase in U.S. wheat exports -- and prices. 5. Even with that sale, U.S. wheat exports are lackluster, analysts said. 6. Elsewhere, the government left its estimate of U.S. wheat reserves unchanged even though wheat exports have stalled in recent weeks because of stiff competition overseas. 7. Further, the EU subsidizes wheat starch exports while imposing export quotas and production limits on other types of starch such as corn starch. 8. It was the first time the EU had taken bids for wheat exports since July, when it suspended export subsidies because of high internal prices. 9. It was the worst week for wheat exports since the marketing year began in June. 10. Moos told reporters on Capitol Hill that a ban would raise the costs of durum wheat exports. |