Overnight recap before the MATIF open: 

-US and EU weekly export numbers were released yesterday. EU issued 426,000 of wheat export licenses. The cumulative exports for the 2011/12 season (starting July) is 9.8 million tons down from 14.6 million tons last year.  US export sales numbers available here.


-The international market showed a decent activity yesterday. Iraq bought 300,000 tons  of Canadian wheat, showing how competitive this origin is despite freight costs. South Korea is in the market for 55,000 tons of corn.  


-Yesterday, London-based Gleadell said that Morocco crop may be halved to 4 million tons.